I G Petrochemicals Ltd

Current PAN & OX prices attached below. Spreads seem to be very high because PAN prices are increasing whereas RM(OX) prices are flat

2 Likes

Thanks for you data.

This stock can do very well

Being duopoly in India along with Thirumalai

can you pls post the latest chart of PAN & OX spread?

Any one tracking IG Petrochem. Today there was a 20% jump in prices.

2 Likes

In August 2021, the government of India imposed anti-dumping duty in August on the PAN.

Rating of company upgraded by Ind-Ra in Oct 21

https://www.indiaratings.co.in/PressRelease?pressReleaseID=56394&title=India%20Ratings%20Upgrades%20I%20G%20Petrochemicals%20to%20IND%20AAStable

Current price is 685. Looks attractive.

Note : Invested at 635

Recent performance