Panama Petrochem Limited shares jumped over 10 per cent, touching a new 52-week high of Rs 269.65 per share on the BSE intraday trade today on the back of rating upgrade of the company.
CARE Ratings Limited has upgraded Panama Petrochem Limited’s credit rating, on the basis of recent developments including the operational and financial performance of the company.
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The credit rating agency upgraded the rating, on long-term bank facilities of the company from CARE A- with a Stable outlook to CARE A; Stable. It also upgraded the rating, on short-term bank facilities from CARE A2+, to CARE A1, the company said in a filing to exchanges.
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Panama Petrochem share price hits new LIFE HIGH post CARE Rating s upgrade
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CARE upgrades ratings of Panama Petrochem Limited
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Did You Miss Panama Petrochem s (NSE:PANAMAPET) Whopping 342% Share Price Gain?
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April 13, 2021 While some are satisfied with an index fund, active investors aim to find truly magnificent investments on the stock market. While not every stock performs well, when investors win, they can win big. For example,
Panama Petrochem Limited (NSE:PANAMAPET) has generated a beautiful 342% return in just a single year. On top of that, the share price is up 68% in about a quarter. On the other hand, longer term shareholders have had a tougher run, with the stock falling 23% in three years. In his essay
The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company s share price and its earnings per share (EPS).