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    Share price of Petronet LNG Ltd. rises as Nifty strengthens

    Synopsis

    A total of 207,536 shares changed hands on the counter till 01:54PM (IST).

    Stock market 3 - GettyGetty Images
    In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.
    Shares of Petronet LNG Ltd. gained 1.48 per cent to Rs 261.1 in Thursday's trade as of 01:54PM (IST).

    The stock hit a high price of Rs 261.45 and low of Rs 255.5 during the session.

    The return on equity (ROE) for the stock stood at 24.3 per cent. Traded volume on the counter stood at 01:54PM shares and turnover at Rs 5.37 crore around that time.

    The stock of Petronet LNG Ltd. quoted a 52-week high and 52-week low prices of Rs 302.0 and Rs 170.75, 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-Mar-2020, while FIIs held 29.31 per cent and domestic institutional investors had 7.77 per cent.

    Key Financials
    The company reported consolidated sales of Rs 8567.15 crore for the quarter ended 31-Mar-2020, down 3.85 per cent from previous quarter's Rs 8910.23 crore and down 2.19 per cent from the year-ago quarter's Rs 8383.2 crore.

    Net profit after tax for the latest quarter stood at Rs 373.2 crore, down 19.81 per cent from the same quarter a year ago.



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    (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.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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