Petronet LNG stock price down 2.31 per cent as Sensex slides

As of 30-Jun-2022, promoters held 50.0 per cent stake in the company, while FIIs held 34.83 per cent and domestic institutional investors had 2.71 per cent.

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
Shares of Petronet LNG Ltd. fell 2.31 per cent to Rs 218.15 at 12:38PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 44,876 shares with a turnover of Rs 0.99 crore till 12:38PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 9.53, while the price-to-book value ratio stood at 2.13.

Return on equity (ROE) was at 25.15 per cent, according to exchange data. The stock hit an intraday high of Rs 226.35 and a low of Rs 217.55 during the session and quoted a 52-week high price of Rs 243.0 and a 52-week low of Rs 190.3.


The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.66.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 216.98 on August 03, while the 50-DMA was at Rs 219.69. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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The Relative Strength Index (RSI) of the stood at 44.91. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2022, promoters held 50.0 per cent stake in the company, while foreign institutional investors held 34.83 per cent and domestic institutional investors had 2.94 per cent.
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