1 piece of verified research from 1 publisher. 1 idea is active.
[Full Report here](https://mailcontent.icicidirect.com/mailcontent/idirect_pondyoxide_convictionidea.pdf) **Rating and Target Price: ** We have a positive view on Pondy Oxide, supported by strong industry tailwinds,
favourable government regulations, capacity expansion across lead and copper segments, increasing value-added products, controlled B/S (0.2x D:E) and healthy return ratios profile of >20%. On that note, we assign a BUY rating on stock with a target price of ₹625, i.e. 20x PE on FY28E.
