Ramesh Damani Gains Over Rs 5,08,84,200 In Single Day As This Multibagger Lubricants Manufacturing Company Surges 18%

On Friday, Indian equity benchmarks traded lower, with the Nifty 50 declining 154.90 points, or 0.64 per cent, to 24,013.10. Despite the broader market weakness, Panamapetro Chemicals jumps 18.37 per cent to Rs 483.25, gaining Rs 75 during the trading session.

Ramesh Damani Gains Over Rs 5 Crore In A Single Session

According to the latest shareholding pattern, Ace Investor Ramesh Damani held a 1.12 per cent stake in the company, equivalent to 6,78,456 equity shares.

Based on Friday's gain of Rs 75 per share, the value of his holding increased by approximately Rs 5,08,84,200 in a single trading session.

Panamapetro Chemicals Share Price Performance

Panamapetro Chemicals has delivered strong returns across multiple time periods. The stock has gained 60.10 per cent in the last one month, 76.73 per cent over the past six months, and 34.72 per cent during the last one year.

The recent rally has attracted investor attention as the company continues to trade at a relatively modest price-to-earnings (P/E) ratio of 14 times, with a market capitalisation of approximately Rs 2,963 crore.

Panamapetro Chemicals Shareholding Pattern

As of March 2026, promoter shareholding stood at 63.16 per cent, reflecting strong promoter ownership. Foreign Institutional Investors (FIIs) held 11.28 per cent, while Domestic Institutional Investors (DIIs) owned 0.67 per cent of the company.

Although FII ownership has moderated from its peak levels, institutional participation remains meaningful, while public shareholders held 24.88 per cent of the company as of March 2026.

About Panamapetro Chemicals

Panamapetro Chemicals Ltd is one of India's leading manufacturers of petroleum specialty products and value-added petrochemical derivatives. The company primarily caters to industries such as lubricants, rubber processing, printing inks, adhesives, textiles, pharmaceuticals, personal care products and industrial applications.

The company manufactures and markets a wide range of specialty petroleum products, including liquid paraffin, petroleum jelly, transformer oils, process oils, white oils and waxes. With a diversified product portfolio and a presence across domestic and international markets, Panamapetro Chemicals has established itself as a key player in India's specialty petrochemical industry.

What are your thoughts on the recent rally in Panamapetro Chemicals and Ramesh Damani's investment in the company? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.