Share price of Petronet LNG falls as Sensex gains 161.75 points

Share price of . dropped 0.91 per cent to Rs 217.55 at 01:14PM (IST) in Friday's trade. The stock hit a high of Rs 220.95 and low of Rs 215.3 so far during the session. The stock had closed at Rs 219.55 in the previous session.

The counter had a total traded volume of 01:14PM shares so far with a turnover of Rs 0.28 crore on BSE. The stock traded at a price-to-earnings multiple of 9.33 and a price-to-book ratio of 2.13.

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 is the measure of the price that investors are ready to pay even for no growth in the business.

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-Jun-2022, while FIIs and domestic institutional investors ownership stood at 34.83 per cent and 2.94 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 14388.0 crore for the quarter ended 30-Jun-2022, up 27.99 per cent from the previous quarter's Rs 11241.74 crore and up 66.02 per cent from the year-ago quarter's Rs 8666.47 crore.

Its profit for the latest quarter stood at Rs 724.84 crore, up 8.18 per cent from the same quarter a year ago.