Espresso Shot of the Day - Panama Petrochem Ltd up by 14.12 percent

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Espresso Shot of the Day - Panama Petrochem Ltd up by 14.12 percent

November 25, 2022
Espresso Shot of the Day - Panama Petrochem Ltd up by 14.12 percent

PANAMA PETROCHEM Ltd 406.15  (+14.12%) BSE –INE305C01029 | 25th November 2022

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Panama Petrochem Ltd was established in 1982. With four manufacturing plants across India today, Panama Petrochem Ltd is one of the leading manufacturers and exporters of more than 80 variants of petroleum specialty products. The products are vital for various industries like inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables and other industrial purposes. Panama Petrochem Ltd, also has unfolded its range of manufacturing facilities through the establishment of Panol Industries RMC FZE, a wholly owned subsidiary of the Company situated at Ras Al Khaimah, UAE. The company caters to the GCC and MENA regions and enjoys logistic advantage as it is situated on the port and has direct dedicated pipeline arrangements.


Recent Drivers

  • On November 14,2022, the company reported a net profit of Rs. 67.43 crores in September 2022, up 8.89% from the Rs. 61.92 crores reported in September 2021.
  • On November 14,2022, the company reported a net sale of Rs. 613.84 crores in September 2022, up 8.97% from the Rs. 563.32 crores reported in September 2021.
  • On November 14, the company declared a dividend of Rs 3 per equity share of Rs. 2 each (150%) of the company. The record date for the same is decided as November 24,2022.
  • Indian ace investor Ramesh Damani increased his stake in his portfolio stock Panama Petrochem Ltd, the petroleum lubricating oil and grease manufacturing company, during the second quarter ended September 2022 for the current fiscal year or Q2 FY23.


        (Sources: BSE, Money control, Economics Times, Mint)


Technical Force

  • S&P BSE small cap month till date gain by 1.33%.
  • 3 months avg. NSE volume: 1,50,568
  • Quantity traded: 3,06,919| Deliverable quantity: 1,49,132 (48.59%).
  • Stock price jumped by more than 80 % from a one-year low level: 212.50 (February 25, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 412.05| 52-week-low: 212.50.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

558.78

434.22

341.18

216.62

123.58

-

-

-

Fibonacci Pivot

434.22

351.09

299.74

266.66

216.62

166.57

133.49

82.14

-



Today’s Close

406.15

SMA

BSE

10 DAY

347.67

20 DAY

322.62

50 DAY

304.66

200 DAY

288.26


Some Key Ratios (Source: BSE)

Market Cap:  2,456.95 Crores

PE:  13.47

OPM%: 15.94

ROE%:  25.50

Promoters holding%: 70.36

Prev. Close:  355.90


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.