News for Panama Petrochem Limited (PANAMAPET.NS)

Stocks including Zinka Logistics, Infosys, Afcons Infra, Tata Power, Raymond, Mphasis, SJVN, Protean eGov Technologies more will be in the spotlight on Friday, November 22.

Bengaluru benchmark indices rise, Sensex at 72,924.64, Nifty at 22,155.95, with various sectoral indices trading mixed.

Corporate Office & Communication Address: 40I Aza House, 24, Turner Road, Bandra , Mumbai 400 050. Website: www.panamapetro.com Phone :... | November 28, 2022

Nifty futures on the Singapore Exchange quoted 65 points, or 0.36 per cent, higher at 18,352.50, hinting at a positive start for the domestic market on Wednesday.

Anil Kumar Goel held 7,60,000 shares or 1.52 per cent, stake in this company as of September 30. Ramesh Damani, on the other, hand, held 6,36,379 shares or 1.27 per cent stake in the company as of September-end

Domestic equity markets cracked on Tuesday as Covid-19 scare in China, and rising bond yields and Brent crude prices globally, dented investors' sentiment. The S&P BSE Sensex was down over 600 points or 1 per cent at 58,354, while the NSE Nifty 50 was testing the 17,450-mark.

The stock rose 2 per cent to hit an intraday high of Rs 317.75 on an otherwise weak market today.

Read more about Panama Petrochem surges 25% in two days as Ramesh Damani buys 1% stake on Business Standard. 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 1 per cent stake in the company.

Ramesh Damani, a well-known investor, buys stake in a multibagger stock that has gained 200% in a year.