Petronet LNG Share Price: Shares of Petronet LNG fall as Nifty drops

Shares of Ltd. slipped 1.08 per cent to Rs 219.85 in Friday’s trade as of 10:51AM (IST). It hit a high of Rs 222.65 and low of Rs 219.4 during the session.

The stock quoted a 52-week high price of Rs 275.25 and a low of Rs 211.5. The return on equity for the stock stood at 24.89 per cent. About 25,869 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.66.



The scrip has been an underperformer, down 14.11 per cent in the past one year in comparison with a 30.92 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 211.5 on November 26, while the 50-DMA was at Rs 231.89. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 50.0 per cent stake in Petronet LNG Ltd. as of 30-Sep-2021. Mutual funds and foreign institutional investors held 4.39 per cent and 32.13 per cent stake.

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