CARE upgrades ratings of Panama Petrochem Limited

CARE Ratings Limited has upgraded Panama Petrochem Limited's credit rating, on the basis of recent developments including operational and financial performance of the Company :

- Revised/upgrade the rating, on long term bank facilities from CARE A-; Stable to CARE A; Stable

- Revised/upgrade the rating, on short term bank facilities from CARE A2+, to CARE A1

Shares of PANAMA PETROCHEM LTD. was last trading in BSE at Rs.246.95 as compared to the previous close of Rs. 240.7. The total number of shares traded during the day was 13929 in over 824 trades.

The stock hit an intraday high of Rs. 249 and intraday low of 240.5. The net turnover during the day was Rs. 3415147.

Source : Equity Bulls

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