Shares of Petronet LNG fall as Nifty gains

Shares of Petronet LNG fall as Nifty gains
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 238.83.

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
Shares of Ltd. slipped 0.39 per cent to Rs 214.9 in Monday's trade as of 01:06PM (IST). It hit a high of Rs 217.95 and low of Rs 213.7 during the session.

The stock quoted a 52-week high price of Rs 275.25 and a low of Rs 207.4. The return on equity for the stock stood at 24.89 per cent. About 103,514 shares have changed hands on the counter so far.

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

Did you Know?

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

View Latest Stock Report »

The scrip has been an underperformer, down 17.35 per cent in the past one year in comparison with a 46.15 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 207.4 on August 16, while the 50-DMA was at Rs 223.72. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 50.0 per cent stake in Petronet LNG Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 4.89 per cent and 31.06 per cent stake.

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