PANAMA touched 310 today, up almost 12% in 1 month after my call. Add more on dips..this one will surely meet its target.
On Mon, Oct 4, 2010 at 2:28 AM, POWERFULPICKS wrote:
Another powerfulpicks long term growth stock: Panama Petrochem (BSE: 524820)...this is my third call today (SPANCO and IL&FS TRANSPORTAION NETWORKS ARE THE OTHERS).
With four manufacturing units at Ankleshwar(Gujarat), Daman(Union Territory), Marol (Mumbai) and Taloja (Dist. Raigadh) and sporting state-of-the-art technology and storing capacities, Panama Petrochem Ltd is one of the leading manufacturers and exporters of petroleum specialty products (more than 80 product variants vital for nearly six to seven industry segments). Their products have applications in growing industries like cosmetics, pharma, Resin and Ink, Transformer Oil, Rubber and Tyre, Textile, Cable (filling jellies). They have a collaboration with Lubcon, Germany for distribution of their specialized products. Their products including Petroleum Jelly, Liquid Paraffin, Transformer Oil and Rubber Process Oil are exported to different countries like USA, UK, Europe, Middle East, Australia, African Sub-continent and South East Asia. In June 2010 quarter, their top line almost doubled and net profit jumped nearly 60%. Buy on dips near 278 for a 9 month target of 385 (+38%)
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