Petronet LNG shares up 1.34% as Nifty drops

NEW DELHI: Shares of Petronet LNG Ltd. traded 1.34 per cent up in Wednesday's trade at 10:10AM (IST). Around 25,808 shares changed hands on the counter.

The scrip opened at Rs 201.45 and touched an intraday high and low of Rs 203.75 and Rs 197.8, respectively, in the session so far. The stock of Petronet LNG Ltd. quoted a 52-week high of Rs 243.0 and a 52-week low of Rs 190.3.

As per BSE, the total market cap of the Petronet LNG Ltd. stood at Rs 30532.5 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 14388.0 crore for the quarter ended 30-Jun-2022, up 27.99 per cent from previous quarter's Rs 11241.74 crore and up 66.02 per cent from the year-ago quarter's Rs 8666.47 crore.

The net profit for latest quarter stood at Rs 724.84 crore, up 8.18 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs held 2.71 per cent stake in the firm, while foreign institutional investors held 34.83 per cent and the promoters 50.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 8.74 and a price-to-book ratio of 2.13. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.