PETRONET LNG Plunges by 5%; BSE OIL & GAS Index Down 4.0%
March 18, 2020 02:44 PM

PETRONET LNG share price has plunged 5% and is presently trading at Rs 206.

Meanwhile, the BSE OIL & GAS Index is at 10,337 (down 4.0%).

Among the top losers in the BSE OIL & GAS Index today are PETRONET LNG (down 5.5%) and HPCL (down 5.1%).

Over the last one year, PETRONET LNG has moved down from Rs 242 to Rs 206, registering a loss of Rs 36 (down 15.0%)..

The BSE OIL & GAS has moved down from 15,187 to 10,337, loss of 4,850 points (down 31.9%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 17.1%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 4.3%). The top gainers among the BSE Sensex stocks today are ITC (up 1.9%), TCS (up 1.2%) and TATA STEEL (up 1.1%). The most traded stocks in the BSE Sensex are TATA STEEL and ITC.

In the meantime, NSE Nifty is at 9,128 (down 4.3%). YES BANK (up 11.5%) and ZEE ENTERTAINMENT (up 9.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 23.15%).

PETRONET LNG Financial Update...

PETRONET LNG net profit stood at Rs 7 billion for the quarter ended December 2019, compared to a profit of Rs 6 billion a year ago. Net Sales declined 11.8% to Rs 89.1 billion during the period as against Rs 101.0 billion in October-December 2018.

For the year ended March 2019, PETRONET LNG reported 5.7% increase in net profit to Rs 22.3 billion compared to net profit of Rs 21.1 billion during FY18.

Revenue of the company grew 25.5% to Rs 384 billion during FY19.

The current Price to earnings ratio of PETRONET LNG, based on rolling 12 month earnings, stands at 10.3x.