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Shares of Petronet LNG Ltd. slipped 2.02 per cent to Rs 208.9 in Thursday’s trade as of 01:39PM (IST). It hit a high of Rs 212.75 and low of Rs 203.65 during the session.

The stock quoted a 52-week high price of Rs 252.1 and a low of Rs 190.3. The return on equity for the stock stood at 24.89 per cent. About 193,569 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 15.73 per cent in the past one year in comparison with a 8.98 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 190.3 on May 12, while the 50-DMA was at Rs 205.46. 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 31-Mar-2022. Mutual funds and foreign institutional investors held 3.16 per cent and 33.6 per cent stake.

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