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Petronet LNG shares 0.0% as Nifty drops

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NEW DELHI: Shares of Ltd. traded 0.0 per cent in Friday’s trade at 11:21AM (IST). Around 7,348 shares changed hands on the counter.

The stock opened at Rs 226.0 and touched an intraday high and low of Rs 227.05 and Rs 224.5, respectively, in the session so far. Shares of the company of Petronet LNG Ltd. quoted a 52-week high of Rs 270.75 and a 52-week low of Rs 209.6.

Total market cap of the Petronet LNG Ltd. stood at Rs 33862.5 crore at the time of writing this report.




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 previous quarter’s Rs 8666.47 crore and up 70.74 per cent from the year-ago quarter’s Rs 6377.66 crore.

The net profit for latest quarter stood at Rs 817.61 crore, down 11.08 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2021, DIIs held 4.39 per cent stake in the company, while foreign institutional investors held 32.13 per cent and the promoters 50.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 11.26 and a price-to-book ratio of 2.86. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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