Ponni Sugars (Erode) Ltd

NSE
PONNIERODE •
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1W Return

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1M Return

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6M Return

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1Y Return

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Start SIP in Ponni Sugars (Erode) Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Mar 28, 2023
-1.6
TTM PE Ratio
Below industry Median
8.9
Price to Book Ratio
Low in industry
0.8
Dividend yield 1yr %
Above industry Median
1.6
TTM PEG Ratio
PEG TTM is negative
-1.4
RSI
RSI is mid-range
38.8
MFI
MFI is mid-range
30.4

Ponni Sugars (Erode) Ltd shareholding Pattern

Promoter
42.4%
Foreign Institutions
22.8%
Public
34.7%

Ponni Sugars (Erode) Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
2
Bearish Moving Averages
14
5Day EMA
431.30
10Day EMA
438.40
12Day EMA
439.50
20Day EMA
439.70
26Day EMA
438.30
50Day EMA
432.10
100Day EMA
425.00
200Day EMA
414.00
Delivery & Volume
Resistance & Support
422.15
Pivot
Resistance
First Resistance
429.80
Second Resistance
443.60
Third Resistance
451.25
Support
First Support
408.35
Second support
400.70
Third Support
386.90
Relative Strength Index
38.83
Money Flow Index
30.38
MACD
1.24
MACD Signal
6.01
Average True Range
20.96
Average Directional Index
29.40
Rate of Change (21)
-0.14
Rate of Change (125)
3.33

Ponni Sugars (Erode) Ltd Company background

Founded in: 1996
Managing director: N Ramanathan
Ponni Sugars Erode) Limited was incorporated in the year December 1996 in the name of SPB Sugars and chemicals Ltd and later in 2000 to the present name of Ponni Sugars Erode Limited.The company is the brainchild of late S Viswanathan, affectionately referred to as SV by his friends associates, a renowned industrialist of the South.The company is an offspring of Ponni Sugars and Chemicals Ltd (PSCL) under a Demerger Scheme sanctioned by the Honble High Court of Madras on 10th September 2001. In terms of the Scheme, the company took over the business of Erode Undertaking with concurrent transfer of major part of stakeholders interest in PSCL to the company.The Erode sugar mill was set up with 1250 TCD capacity in 1984 in a record time of 12 months. It achieved full capacity crushing during the very first year of its commercial operation that enabled declaration of a maiden dividend of 10% in that very first year, a record in the annals of sugar industry. It was a trendsetter in mobilising surplus cane during its infancy stage from neighbouring sugar mills and extending crushing season to well above industry average. Its capacity was expanded to 2500 TCD in 1994. The Erode sugar mill has successfully implemented an innovative Lift Irrigation Scheme by bringing in dry lands under cane cultivation, utilizing the effluent discharge of the neighbouring paper mill. This has helped secure multitudinal benefits providing a dependable and perennial source of irrigation to farmers in the neighbourhood, increase of land value manifold in the region, transforming the livelihood of local rural population, resolving the raw material needs of sugar and paper mills and addressing ecological concerns in effluent discharRight at its inception, Ponni was structured on the concept of total diversion of bagasse for paper. Accordingly it installed a coal fired boiler and later added a multi fuel boiler in place of conventional bagasse fired boilers. It has a bagasse tie up arrangement with Seshasayee Paper and Boards Ltd for a mutually beneficial and rewarding long term relationship.Ponni is an efficient and quality producer of sugar, catering to both domestic and international markets. It is a venerable partner for villagers growing sugarcane in its neighbourhood. It enjoys cordial relationship with employees. It firmly believes in transparent and fair dealings with all its stakeholders by following sound corporate governance norms both in letter and spirit.
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Ponni Sugars (Erode) Ltd FAQs

Ponni Sugars (Erode) Ltd shares are currently priced at 416 on NSE and 416.25 on BSE as of 2/27/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Ponni Sugars (Erode) Ltd [PONNIERODE] share was -3.91. The Ponni Sugars (Erode) Ltd [PONNIERODE] share hit a 1-year low of Rs. 361.6 and a 1-year high of Rs. 515.2.

The market cap of Ponni Sugars (Erode) Ltd is Rs. 357.76 Cr. as of 2/27/2024 12:00:00 AM.

The PE ratios of Ponni Sugars (Erode) Ltd is 8.92 as of 2/27/2024 12:00:00 AM.

The PB ratios of Ponni Sugars (Erode) Ltd is 0.6 as of 2/27/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.05% at the end of 2/27/2024 12:00:00 AM.

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