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Petronet LNG Plunges 3%; BSE OIL & GAS Index Down 2.1%
Thu, 19 Sep 14:54

Petronet LNG Plunges 3%; BSE OIL & GAS Index Down 2.1%Image source: phive2015/www.istockphoto.com

Petronet LNG share price has plunged 3% and is presently trading at Rs 322.4.

Meanwhile, the BSE OIL & GAS index is at 29,808.9 (down 2.1%).

Among the top losers in the BSE OIL & GAS index today are GAIL (down 3.3%) and BPCL (down 3.3%).

Indraprastha Gas (up 0.6%) and GUJARAT GAS (up 0.6%) are among the top gainers today.

Over the last one year, Petronet LNG has moved up from Rs 238.8 to Rs 322.4, registering a gain of Rs 83.6 (up 35.0%).

On the other hand, the BSE OIL & GAS index has moved up from 19,278.9 to 29,808.9, registering a gain of 54.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 130.9%), BPCL (up 80.4%) and IOC (up 77.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,103.5 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.4%) and Nestle (up 2.2%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,397.8 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,103.5, registering a gain of 15,506.7 points (up 22.9%).

Petronet LNG Financial Update...

Petronet LNG net profit grew 39.7% YoY to Rs 11,008 million for the quarter ended June 2024, compared to a profit of Rs 7,877 million a year ago. Net sales rose 15.1% to Rs 134,151 million during the period as against Rs 116,564 million in April-June 2023.

For the year ended March 2024, Petronet LNG reported 10.6% increase in net profit to Rs 35,270 million compared to net profit of Rs 31,878 million during FY23. Revenue of the company fell 12.0% to Rs 527,293 million during FY24.

The current Price to earnings ratio of Petronet LNG, based on rolling 12 month earnings, stands at 12.6.


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