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NSE
254.60
Change Change %
-1.40 -0.55%

Updated:21 Sep, 2017, 15:52 PM IST

BSE
253.05
Change Change %
-3.40 -1.33%

Updated:21 Sep, 2017, 15:41 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
HDFC Securities
N/A
08-09-2017 Buy 233.35 294.00
N/A
Open Long (1Y)
08-09-2018

HDFC Securities maintains buy on Panama Petrochem

Panama Petrochem Ltd (PPL) was incorporated in year 1982 and is one of the leading manufacturers and exporters of petroleum based specialty chemicals. PPL has advantage of experienced management with over three decades of presence in petrochemicals business with a diverse product portfolio, wide customer base and favourable capital structure with low leverage. It has been expanding capacities in India regularly over last two years and has set up a unit in UAE to benefit out of locational advantages and raw material availability. Its margins have started to rise from Q1FY17 and are at higher levels compared to its past signifying diversifying or focusing on value added products. Going forward, we expect better growth in sales, healthy growth in margins in next couple of years. PPL is well positioned to capitalize on the increasing shift towards specialty petrochemicals in India and globally, led by diverse product portfolio and capacity expansion plans. 

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