Petronet LNG stock price up 1.09 per cent as Sensex climbs

Petronet LNG stock price  up  1.09 per cent as Sensex  climbs

Shares of Ltd. rose 1.09 per cent to Rs 217.5 at 11:33AM hours (IST) on Tuesday. 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 69,410 shares with a turnover of Rs 1.51 crore till 11:33AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 12.22, while the price-to-book value ratio stood at 2.7.

Return on equity (ROE) was at 24.3 per cent, according to exchange data. The stock hit an intraday high of Rs 219.25 and a low of Rs 215.8 during the session and quoted a 52-week high price of Rs 280.0 and a 52-week low of Rs 207.4.

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 243.18 on April 20, while the 50-DMA was at Rs 237.73. 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.

The Relative Strength Index (RSI) of the stood at 35.42. 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 31-Mar-2021, promoters held 50.0 per cent stake in the company, while overseas investors held 30.5 per cent and domestic institutional investors had 6.31 per cent.

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