Petronet LNG shares drop 2.88% as Sensex falls

Shares of Petronet LNG Ltd. traded 2.88 per cent lower in Thursday's session at 02:10PM (IST). The stock opened at Rs 218.95 and has touched an intraday high and low of Rs 219.2 and Rs 212.2, respectively, during the session so far.

The stock quoted a 52-week high of Rs 243.0 and a 52-week low of 190.3. About 81,982 shares changed hands on the counter so far.

Benchmark Nifty50 was down 115.4 points at 17272.75, while the BSE Sensex traded 409.37 points lower at 57941.16 at the time of writing of this report.


In the Nifty pack, 13 stocks traded the day in the green, while 36 were in the red.


Key Financials
For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 11241.74 crore, down 11.27 per cent from the previous quarter's Rs 12669.14 crore and down 47.44 per cent from the year-ago quarter. The company reported net profit of Rs 790.98 crore for the latest quarter.

Promoter Holdings
Promoters held 50.0 per cent stake in the company as of 30-Jun-2022, while FIIs held 34.83 per cent and MFs 2.71 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 216.87 on August 04, while the 50-DMA was at Rs 219.56. 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.