Petronet LNG shares 0.0 per cent in Tuesday’s trading session

Shares of Ltd. 0.0 per cent to Rs 227.4 in Tuesday’s trade as of 01:02PM (IST) even as the benchmark Nifty ruled at 14653.65, up 15.85 points.

The scrip had closed at Rs 227.4 in the previous session. The stock quoted a 52-week low of Rs 196.2 and a high of Rs 280.0. The company quoted a market-cap of Rs 34147.5 crore on the BSE.

On BSE, 71,356 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 12.77 times its trailing 12-month EPS of Rs 17.83 per share and 2.7 times its book value. The return on equity (ROE) stood at Rs 24.3.

Key Financials

For the quarter ended 31-Dec-2020, Petronet LNG Ltd. reported consolidated sales of Rs 7427.9 crore, up 17.42 per cent from the same quarter a year ago. The company reported 29.86 per cent YoY growth in net profit at Rs 882.05 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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