The return on equity (ROE) for the stock stood at 24.89 per cent. Traded volume on the counter stood at 11:27AM shares and turnover at Rs 1.15 crore around that time. The stock of Petronet LNG Ltd. quoted a 52-week high price of Rs 275.25 and 52-week low prices of Rs 207.4, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.66.
Promotor/FII Holding
Promoters held 50.0 per cent stake in the company as of 30-Jun-2021, while FIIs held 31.06 per cent and domestic institutional investors had 4.89 per cent.
Key Financials
The company reported consolidated sales of Rs 7624.47 crore for the quarter ended 31-Mar-2021, up 2.65 per cent from previous quarter’s Rs 7427.9 crore and up 11.89 per cent from the year-ago quarter’s Rs 8653.63 crore. Net profit after tax for the latest quarter stood at Rs 637.92 crore, up 70.93 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
