Banking and finance

Share price of Petronet LNG falls as Sensex gains 443.28 points

The share worth of Ltd. dropped 1.19 per cent to Rs 233.4 at 01:36PM (IST) in Wednesday’s commerce. The counter has hit a excessive of Rs 238.5 and low of Rs 232.6 up to now throughout the session. The inventory had closed at Rs 236.2 within the earlier session.

The counter has had a complete traded quantity of 103326 shares up to now with a price of Rs 2.42 crore on the NSE. It traded at a price-to-earnings a number of of 11.24 and a price-to-book ratio of two.86.

A better P/E ratio reveals traders are prepared to pay the next worth for per rupee earnings given by the inventory due to higher future development expectations.

The value-to-book worth signifies the inherent worth of an organization and displays the worth traders are prepared to pay even for no development within the enterprise.

The scrip gained 8.21 per cent throughout the previous one yr, whereas the 30-share index superior 62.42 per cent throughout the identical interval.

Petronet LNG Ltd. belongs to the Fuel Storage & Distribution trade.

Promotor/FII Holding

Promoters held 50.0 per cent stake within the firm as of 30-Jun-2021, whereas abroad traders and home institutional traders possession stood at 31.06 per cent and 4.89 per cent, respectively.

Key Financials

The agency reported consolidated internet gross sales of Rs 8666.47 crore for the quarter ended 30-Jun-2021, up 13.67 per cent from the earlier quarter’s Rs 7624.47 crore and up 75.01 per cent from the year-ago quarter’s Rs 4951.95 crore.

Revenue for the most recent quarter stood at Rs 670.06 crore, up 34.07 per cent from the identical quarter a yr in the past.

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