Petronet LNG Share Price: Petronet LNG shares drop 0.09% as Sensex rises
Shares of Ltd. traded 0.09 per cent lower in Tuesday’s session at 11:32AM (IST). The stock opened at Rs 226.5 and has touched an intraday high and low of Rs 229.5 and Rs 226.45, respectively, during the session so far.
The stock quoted a 52-week high of Rs 275.25 and a 52-week low of 207.4. About 43,105 shares changed hands on the counter so far.
Benchmark Nifty50 was down 33.3 points at 17363.60, while the BSE Sensex traded 57.75 points higher at 58548.68 at the time of writing of this report.
In the Nifty pack, 26 stocks traded the day in the green, while 24 were in the red.
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 8666.47 crore, up 13.67 per cent from the previous quarter’s Rs 7624.47 crore and up 75.01 per cent from the year-ago quarter. The company reported net profit of Rs 670.06 crore for the latest quarter.
Promoters held 50.0 per cent stake in the company as of 30-Jun-2021, while FIIs held 31.06 per cent and MFs 4.89 per cent.
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 237.12 on September 21, while the 50-DMA was at Rs 223.37. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.