Company was converted into a Public Ltd company under the name Panama Petrochem Ltd on December 6th, 1993
Panama Petrochem Ltd is one of the leading manufacturers and exporters of more than 80 variants of specialty petroleum products with four manufacturing plants across India today.
The products are vital for various industries like inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables and other industrial purposes.
Panama Petrochem is also listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE)
INFRASTRUCTURE AND R&D
Panama Petrochem Ltd has four manufacturing units in India with a state of art technology and facilities located at Ankleshwar(Gujarat), Daman(Union Territory), Daman(Gujarat) and Taloja (Dist. Raigadh).
The plant at Dahej is a fully computerized facility built on DCS/PLC systems to meet international quality and manufacturing standards. Ankleshwar plant has a fully equipped and DSIR approved R&D center.
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 the logistic advantage as it is located on the port and has direct dedicated pipeline arrangements.
By exploring international markets, Panama Petrochem Ltd. continuously aims to bring about a rise in the exports. Petroleum Jelly, Liquid Paraffin, Transformer Oil, Rubber Process Oil and variety of other products are exported to different countries like USA, UK, Europe, Middle East, Australia, African Subcontinent and South East Asia, etc.,
White Oil/Liquid Paraffin Oil
Ink and Coating Oils
Rubber Process Oil
Industrial Oils and Greases
Source:- http://panamapetro.com/ (Company website )
So stock is stable for fresh buy, If you are new reader of my blog and not familiar with my research terms, then please read my research terms at this link:-
See full list of public shareholding including FII and DII here:-
Click here to see FII DII holding
So, as per my theory, most of my recommendations are dividend paying, and we get dividends in our holding period, However company does not declare this year dividend yet, See past few years dividend history here:-
|Dividend Declared ( )|
Click Here to Download last three year Closing Price and Base price Calculation of PPL
So at CMP 62 is 18.09% higher than base price and stock cross his base price from lower price to higher price this is a strong bull indication in my theory.
Panama Petro is the best example that why I say " Avoid a stock at least two years after bonus, split, right issue". Because on 19 Sept 2014 face value of Panama Petro split from 10/- to 2/- and after this face value split Panama Petro stock listed @64.65 on 19 Sept 2014 and Now on 19 Aug 2016 CMP of Panama Petro is 62.00, So investors got nothing in last two years.
Now when near about two years is completed, and stock already moves from his 30,50,150 DMA and ready to cross 200DMA then I choose it for my research report and June 2016 good results also suggest that stock is ready to move upward.
In chapter 2 of my book I wrote that if you invest $100 initially ( add 10% of your monthly income every month) then rotate your money to book 15% profit in every three months then your $100 will grow as $ 7,18,03,722 in 20 years.
So I make this blog for proving this theory of chapter 2, Soon I publish practical profit booking report of this blog recommendation (like Chandu story).
So after 20% returns if you wish to hold it then book your profit near 86-90.
If you want to use stop loss then as my rule of this blog put SL 55.80 (Which is 10% below of 62 and our trading target is 20% up from 62, so risk reward ratio is 1:2)