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    Share price of Petronet LNG jumps as Sensex gains 428.83 points

    Synopsis

    A total of 28,090 shares changed hands on the counter till 01:09PM (IST)

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Share price of Petronet LNG Ltd. gained 0.59 per cent to Rs 220.0 at 01:09PM (IST) in Tuesday's trade. The counter hit a high of Rs 221.05 and low of Rs 218.35 so far during the session. The stock had closed at Rs 218.7 in the previous session.

    The counter had a total traded volume of 01:09PM shares so far with a turnover of Rs 0.62 crore on BSE. The stock traded at a price-to-earnings multiple of 9.62 and a price-to-book ratio of 2.13.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Petronet LNG Ltd. belongs to the Gas Storage & Distribution industry.

    Promotor/FII Holding
    Promoters held 50.0 per cent stake in the company as of 31-Mar-2022, while foreign investors and domestic institutional investors ownership stood at 33.6 per cent and 3.38 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 11241.74 crore for the quarter ended 31-Mar-2022, 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's Rs 7624.47 crore.

    Its profit for the latest quarter stood at Rs 790.98 crore, up 23.99 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
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