Share price of Petronet LNG falls as Sensex gains 405.81 points

Share price of Petronet LNG falls as Sensex gains 405.81 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.

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RSI has turned north from the 60 level, confirming bullishness.
The share price of Ltd. dropped 0.55 per cent to Rs 217.55 at 01:09PM (IST) in Tuesday's trade. The stock has hit a high of Rs 220.1 and low of Rs 216.9 so far during the session. The stock had closed at Rs 218.75 in the previous session.

The counter has had a total traded volume of 21860 shares so far with a value of Rs 0.48 crore on the NSE. It traded at a price-to-earnings multiple of 10.85 and a price-to-book ratio of 2.86.

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.

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 13.67 per cent during the past one year, while the 30-share index advanced 30.81 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 FIIs and domestic institutional investors ownership stood at 32.13 per cent and 4.39 per cent, respectively.

Key Financials
The company 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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