Petronet LNG shares rise 1.16% as Nifty gains

Petronet LNG shares rise 1.16% as Nifty gains
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The stock quoted a 52-week high price of Rs 275.25 and a 52-week low of Rs 207.4.

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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.
Shares of Ltd. traded 1.16 per cent up at Rs 222.3 on Tuesday at around 10:20AM (IST), while the benchmark BSE Sensex advanced 300.38 points to 53251.01.

As many as 28,430 shares changed hands on the counter with a total value of Rs 0.63 crore.

The stock quoted a 52-week high price of Rs 275.25 and a 52-week low of Rs 207.4.

Did you Know?

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

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On the technical charts, the 200-DMA of the stock stood at Rs 239.25, while 50-DMA was at Rs 228.36. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 11.06 per cent in the past one year, while Sensex has risen 38.35 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 11.35 and a price-to-book ratio of 2.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Gas Storage & Distribution industry.

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