Petronet LNG gains after Q3 results

The company announced the results on Sunday, 13 January 2013.

Meanwhile, the BSE Sensex was up 137.23 points or 0.7% at 19,800.87.

On BSE, 61,000 shares were traded in the counter as against average daily volume of 1.38 lakh shares in the past one quarter.

The stock hit a high of Rs 165.50 and a low of Rs 161.50 so far during the day. The stock had hit a 52-week high of Rs 179.75 on 21 February 2012. The stock had hit a 52-week low of Rs 122.25 on 18 May 2012.

The stock had underperformed the market over the past one month till 11 January 2013, rising 0.5% compared with the Sensex's 1.43% rise. The scrip had also underperformed the market in past one quarter, gaining 0.25% as against Sensex's 4.57% surge.

The large-cap company has equity capital of Rs 750 crore. Face value per share is Rs 10.

Petronet LNG was formed as a joint venture by the Government of India (GoI) to import LNG and set up LNG terminals in the country. The company has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and is in the process of building another terminal at Kochi, Kerala.

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