Petronet LNG hardens after strong Q2 result

Petronet LNG surged 6.52% to Rs 370 at 09:19 IST on BSE after net profit surged 81.72% to Rs 459.56 crore on 11.57% fall in total income to Rs 6705.88 crore in Q2 September 2016 over Q2 September 2015.

The announcement was made after market hours yesterday, 17 November 2016.

Meanwhile, the S&P BSE Sensex was down 18.72 points or 0.07% at 26,208.90

On BSE, so far 1.23 lakh shares were traded in the counter as against average daily volume of 1.28 lakh shares in the past one quarter. The stock hit a high of Rs 374 and a low of Rs 364.25 so far during the day. The stock had hit a record high of Rs 410.85 on 17 October 2016. The stock had hit a 52-week low of Rs 203.85 on 19 November 2015.

 

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 to import liquified natural gas (LNG) and set up LNG terminals in the country.

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