Finace And Stock

Share price of Petronet LNG falls as Nifty weakens

Shares of Ltd. slipped 0.61 per cent to Rs 238.2 in Thursday’s trade as of 01:56PM (IST). The stock hit a high price of Rs 240.45 and low of Rs 234.8 during the session.

The return on equity (ROE) for the stock stood at 24.89 per cent. Traded volume on the counter stood at 01:56PM shares and turnover at Rs 6.96 crore around that time. The stock of Petronet LNG Ltd. quoted a 52-week high price of Rs 275.25 and 52-week low prices of Rs 207.4, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.66.

Promotor/FII Holding

Promoters held 50.0 per cent stake in the company as of 30-Jun-2021, while FIIs held 31.06 per cent and domestic institutional investors had 4.89 per cent.

Key Financials

The company reported consolidated sales of Rs 8666.47 crore for the quarter ended 30-Jun-2021, up 13.67 per cent from previous quarter’s Rs 7624.47 crore and up 75.01 per cent from the year-ago quarter’s Rs 4951.95 crore. Net profit after tax for the latest quarter stood at Rs 670.06 crore, up 34.07 per cent from the same quarter a year ago.

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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