Stock of Interest

Posted On: August 7, 2023

Stock Report: PANAMAPET(NSE) 04 Aug 2023 

Panama Petrochem Ltd, established in 1982, is a prominent manufacturer and exporter of over 80 variants of petroleum specialty products. With four manufacturing plants spread across India, the company serves diverse industries such as inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and more. Listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), Panama Petrochem aims to increase its exports by exploring international markets. The company’s wide range of products, including Petroleum Jelly, Liquid Paraffin, Transformer Oil, and Rubber Process Oil, are exported to various countries such as the USA, UK, Europe, Middle East, Australia, African Sub-continent, and Southeast Asia. 

#xCalData predicts that #PANAMAPET will continue its bearish phase over the next five days and trend within the range of 296 to 278.

In comparison to the previous month, the price of the stock has experienced a decline of 4.22% indicating a bearish.

The Stock has doubled thrice since 14 Jan 2015 and took an average of 2.2 years to double.

The stock has shown seasonality trend in the past. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given Negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. RVI Indicates Bullish Trend. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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