Panama Petrochem hit a record high of Rs 322.30 after rallying 12 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market. This came on the back of heavy volumes.
- Haber Raises $44 Million Through a Series C Funding Round
- Alembic Pharma Clears Brazilian Health Regulator Audit
- HG Infra Shares Surge 6% on Securing a Contract in Uttar Pradesh
- NTPC Green Energy Shares Surge 5% as Arm Secures Mega Project
- Stocks in Focus: Reliance Power, NTPC Green Energy, HG Infra Engineering, and Others
In the past two trading days, the stock of the refineries/petro products company has surged 25 per cent, after investor Ramesh Damani bought over a 1 per cent stake in the company during the October-December quarter (Q3).
As of Q3, Ramesh Damani held 616,379 equity shares representing a 1.26 per cent stake in Panama Petrochem, according to the shareholding pattern filed by the company on Wednesday. Damani had nil or below 1 per cent stake at the end of the September quarter (Q2).