Share price of Petronet LNG rises as Nifty strengthens

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Shares of Petronet LNG Ltd. gained 1.02 per cent to Rs 193.8 in Tuesday’s trade as of 11:06AM (IST).

The stock hit a high price of Rs 194.7 and low of Rs 192.65 during the session.

The return on equity (ROE) for the stock stood at 24.89 per cent. Traded volume on the counter stood at 11:06AM shares and turnover at Rs 1.17 crore around that time.

The stock of Petronet LNG Ltd. quoted a 52-week high and 52-week low prices of Rs 252.1 and Rs 190.3, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.66.

Promotor/FII Holding

Promoters held 50.0 per cent stake in the company as of 31-Dec-2021, while FIIs held 34.06 per cent and domestic institutional investors had 3.23 per cent.

Key Financials

The company reported consolidated sales of Rs 12669.14 crore for the quarter ended 31-Dec-2021, up 16.35 per cent from previous quarter’s Rs 10888.95 crore and up 70.56 per cent from the year-ago quarter’s Rs 7427.9 crore.

Net profit after tax for the latest quarter stood at Rs 1159.46 crore, up 31.45 per cent from the same quarter a year ago.

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Shares of Petronet LNG Ltd. gained 1.02 per cent to Rs 193.8 in Tuesday’s trade as of 11:06AM (IST). The stock hit a high price of Rs 194.7 and low of Rs 192.65 during the session. The return on equity (ROE) for the stock stood at 24.89 per cent. Traded volume on the counter stood at 11:06AM shares and turnover at Rs 1.17 crore around that time. The stock of Petronet LNG Ltd. quoted a 52-week high and 52-week low prices of Rs 252.1 and Rs 190.3, respectively. The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.66. Promotor/FII Holding Promoters held 50.0 per cent stake in the company as of 31-Dec-2021, while FIIs held 34.06 per cent and domestic institutional investors had 3.23 per cent. Key Financials The company reported consolidated sales of Rs 12669.14 crore for the quarter ended 31-Dec-2021, up 16.35 per cent from previous quarter’s Rs 10888.95 crore and up 70.56 per cent from the year-ago quarter’s Rs 7427.9 crore. Net profit after tax for the latest quarter stood at Rs 1159.46 crore, up 31.45 per cent from the same quarter a year ago. (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News.

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