Share price of Petronet LNG falls as Sensex gains 139.64 points

Share price of Petronet LNG falls as Sensex gains 139.64 points
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Synopsis

A total of 66,950 shares changed hands on the counter till 02:25PM (IST)

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Share price of Ltd. dropped 0.58 per cent to Rs 221.65 at 02:25PM (IST) in Wednesday's trade. The scrip hit a high of Rs 223.55 and low of Rs 221.4 so far during the session. The stock had closed at Rs 222.95 in the previous session.

The counter had a total traded volume of 02:25PM shares so far with a turnover of Rs 1.48 crore on BSE. The stock traded at a price-to-earnings multiple of 11.31 and a price-to-book ratio of 2.7.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Did you Know?

Stock score of Petronet LNG Ltd moved down by 1 in a month on a 10-point scale.

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The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Petronet LNG Ltd. belongs to the Gas Storage & Distribution industry.

Promotor/FII Holding
Promoters held 50.0 per cent stake in the company as of 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 31.06 per cent and 5.11 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 7624.47 crore for the quarter ended 31-Mar-2021, up 2.65 per cent from the previous quarter's Rs 7427.9 crore and up 11.89 per cent from the year-ago quarter's Rs 8653.63 crore.

Its profit for the latest quarter stood at Rs 637.92 crore, up 70.93 per cent from the same quarter a year ago.

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