Petronet LNG rises 0.58% as Sensex slides

Petronet LNG rises 0.58% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 9.83, while the price-to-book value ratio stood at 2.86.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Petronet LNG Ltd. traded at Rs 216.6 on BSE at 11:16AM (IST) on Wednesday, up 0.58 per cent from previous close.

The stock quoted a 52-week low price of Rs 190.3 and a high of Rs 260.45.

Earlier, the stock saw a gap up opening in the morning.

A total of 67,208 lakh shares changed hands on the counter till 11:16AM (IST).

The stock of Petronet LNG Ltd. commanded a market value of Rs 32302.5 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 9.83, while the price-to-book value ratio stood at 2.86. Return on equity (ROE) was at 24.89 per cent, according to exchange data.

In the BSE500 pack, 256 stocks traded in the green, while 244 stocks were in the red.

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

Promotor/FII Holding
Promoters held 50.0 per cent in Petronet LNG Ltd. as of 31-Dec-2021 while foreign and domestic institutional investors owned 34.06 per cent and 3.0 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 225.35 on March 02, while the 50-DMA was at 215.82. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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