Panama Petrochem trades jubilantly as Ramesh Damani buys 1.26% stake in Q3

Panama Petrochem is currently trading at Rs. 286.25, up by 28.85 points or 11.21% from its previous closing of Rs. 257.40 on the BSE.

The scrip opened at Rs. 255.25 and has touched a high and low of Rs. 305.00 and Rs. 253.25 respectively. So far 314050 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 309.65 on 05-Aug-2021 and a 52 week low of Rs. 92.05 on 25-Jan-2021.

Last one week high and low of the scrip stood at Rs. 305.00 and Rs. 246.00 respectively. The current market cap of the company is Rs. 1789.70 crore.

The promoters holding in the company stood at 71.11%, while Institutions and Non-Institutions held 3.91% and 24.97% respectively.

Ramesh Damani has bought 1.26% stake or 6,16,379 shares in Panama Petrochem in the third quarter. Ramesh Damani did not have any stake in the previous quarter.

Panama Petrochem is engaged in the manufacture of specialty petroleum products for diverse user industries like printing, textiles, rubber, pharmaceuticals, cosmetics, power and other industrial oil.

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