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Ramesh Damani Buys this Multibagger stock for 2022; Panama Petrochem

Jan 5, 2022

Ramesh Damani Stake Multibagger Stocks 2022

Share Price of Panama Petrochem Ltd Surged more than 15% on the BSE at Rs. 295 apeice. The company released its latest shareholding data showing Ramesh Damani as the newest Invetor. Panama Petrochem Ltd has given more than 190% in year and now its still on the bull trend.

Ramesh Damani has bought around 1.26% stake or 6,16,379 shares in this company in the third quarter.

Panama Petrochemical is one of the leading manufacturers and exporters of petroleum specialty Products. Its has four plants in India Namely Ankleshwar, Daman, Dahej And Taloja with State of the Art Technology.

Panama Petrochem is listed on BSE and NSE. The company had recently declared a Dividend of Rs. 2 per equity.

The Stock is having a Support Price of Rs. 245 and Short Term Target Price of Rs. 340.

Panama Petrochem Ltd.

Panama Petrochem Ltd was set up in 1982. With four assembling plants across India today, Panama Petrochem Ltd is one of the main makers and exporters of in excess of 80 variations of petrol claim to fame items. The items are essential for different ventures like inks and saps, materials, elastic, drugs, beauty care products, power, links and other modern purposes.
Panama Petrochem is additionally recorded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Ramesh damani Panama Petrochem
Ramesh damani Panama Petrochem

R&D

Panama Petrochem Ltd, has four assembling units in India with a condition of craftsmanship innovation and offices situated at Ankleshwar(Gujarat), Daman(Union Territory), Daman(Gujarat) and Taloja (Dist. Raigadh).
The plant at Dahej is a completely modernized plant based on DCS/PLC frameworks to meet worldwide quality and assembling guidelines. Ankleshwar plant has a completely prepared and DSIR supported R&D focus.

Panama Petrochem Ltd, additionally has unfurled its scope of assembling offices through foundation of Panol Industries RMC, FZE a completely claimed auxiliary of the Company arranged at Ras Al Khaimah, UAE. The organization obliges the GCC and MENA districts and appreciates strategic benefit as it is arranged on the port and has direct devoted pipeline courses of action.

Worldwide PRESENCE

By investigating worldwide business sectors, Panama Petrochem Ltd. constantly plans to achieve an ascent in the products. Petrol Jelly, Liquid Paraffin, Transformer Oil, Rubber Process Oil and assortment of different items are sent out to various nations like USA, UK, Europe, Middle East, Australia, African Sub-mainland and South East Asia and so forth.


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