Share price of Petronet LNG jumps as Sensex gains 842.74 points

Share price of Petronet LNG jumps as Sensex gains 842.74 points
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Synopsis

Promoters held 50.0 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 32.13 per cent and 4.39 per cent, respectively.

Analysts see 15,900 to continue to pose as the immediate resistance.
The share price of Ltd. gained 0.29 per cent to Rs 225.15 at 12:22PM (IST) in Wednesday's trade. The stock has hit a high of Rs 226.9 and low of Rs 225.05 so far during the session. The stock had closed at Rs 224.5 in the previous session.

The counter has had a total traded volume of 16987 shares so far with a value of Rs 0.38 crore on the NSE. It traded at a price-to-earnings multiple of 11.25 and a price-to-book ratio of 2.86.

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

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 13.83 per cent during the past one year, while the 30-share index advanced 32.67 per cent during the same period.

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-Sep-2021, while foreign investors and domestic institutional investors ownership stood at 32.13 per cent and 4.39 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 10888.95 crore for the quarter ended 30-Sep-2021, up 25.64 per cent from the previous quarter's Rs 8666.47 crore and up 70.74 per cent from the year-ago quarter's Rs 6377.66 crore.

Profit for the latest quarter stood at Rs 817.61 crore, down 11.08 per cent from the same quarter a year ago.

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