PETRONET LNG Plunges by 5%; BSE OIL & GAS Index Up 0.1%
February 5, 2019 09:22 AM

PETRONET LNG share price has plunged 5% and is presently trading at Rs 223.

Meanwhile, the BSE OIL & GAS Index is at 13,708 (up 0.1%).

Among the top losers in the BSE OIL & GAS Index today is PETRONET LNG (down 5.1%).

ONGC (up 0.4%) and IOC (up 0.1%) are among the top gainers today.

Over the last one year, PETRONET LNG has moved down from Rs 247 to Rs 223, registering a loss of Rs 24 (down 9.8%)..

The BSE OIL & GAS has moved down from 15,671 to 13,708, loss of 1,963 points (down 12.5%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 42.8%).

What About the Benchmark Indices?

The BSE Sensex is at 36,573 . The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 1.6%). The most traded stocks in the BSE Sensex are SBI and HDFC BANK.

In the meantime, NSE Nifty is at 10,929 (up 0.1%). DR. REDDYS LAB (up 2.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,757 to 36,573, registering a gain of 1,816 points (up 5.2%).

PETRONET LNG Financial Update...

PETRONET LNG net profit stood at Rs 6 billion for the quarter ended December 2018, compared to a profit of Rs 5 billion a year ago. Net Sales rose 30.2% to Rs 101.0 billion during the period as against Rs 77.6 billion in October-December 2017.

For the year ended March 2018, PETRONET LNG reported 21.8% increase in net profit to Rs 20.8 billion compared to net profit of Rs 17.1 billion during FY17.

Revenue of the company grew 24.3% to Rs 306 billion during FY18.

The current Price to earnings ratio of PETRONET LNG, based on rolling 12 month earnings, stands at 14.1x.