Pondy Oxides & Chemicals (PONOXICH), incorporated in 1995, is engaged in the manufacture of metallic oxides and plastic additives. The company has three business divisions; metallic oxides, PVC stabilizers and energy. The metallic oxide division manufactures products like zinc oxide, lead sub oxide, litharge and red lead. Its PVC stabilizers division manufactures lead-based stabilizers, liquid stabilizers, paint driers, plasticisers and lubricants. The energy division of the company manufactures high-power batteries which finds application in UPS, domestic inverters, emergency lighting, and automobiles. PONOXICH has four manufacturing units, two at Pondicherry and two at Tamil Nadu. Baschem Pharma is its subsidiary company based in Maraimali Nagar, Tamil Nadu. It is engaged in the manufacture of liquid stabilizers epoxy oil and paint driers.
As can be seen in the chart, the bollinger bands have converged, giving an indiaction of a spike any moment.This could give a return of 20-30% in a short span of time.
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