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Petronet LNG Ltd Share Price (PETRONET)

₹280.70.2%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Petronet LNG Ltd

Key events for Petronet LNG Ltd

  • Petronet LNG Renews Contract to Buy 7.5 Million Tons of LNG Annually from Qatar - 20 Feb, 2024

    Petronet LNG has renewed a contract to purchase 7.5 million tons of liquefied natural gas annually from Qatar for 20 years starting in 2028, marking one of the largest-ever deals for the super-chilled fuel. India's demand for long-term LNG supply contracts is growing.

  • Petronet LNG Expands Capabilities with Debt-Free Status and Investment Plans - 15 Feb, 2024

    Mutual funds increase stake in Petronet LNG to 9.9%. The company achieved debt-free status, extended its contract with QatarEnergy by 20 years, and plans to invest ₹400 bn for expansion, including a propane dehydrogenation plant and an LNG import facility in Gopalpur, Odisha.

  • Petronet LNG to Invest Rs 40,000 Crore in Capacity Expansion and Petrochemicals - 10 Feb, 2024

    Petronet LNG plans to invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028. The company is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that will convert imported feedstock into propylene, as well as setting up an LNG import facility at Gopalpur in Odisha at a cost of Rs 2,300 crore.

  • Petronet LNG Signs Long-Term Deal with Qatar; Plans Expansion - 09 Feb, 2024

    Petronet LNG is set to expand its operations with an investment of Rs 40,000 crore. The company has also signed a long-term deal with Qatar for the supply of LNG and will begin supplying LNG to Sri Lanka from 2025.

  • Petronet LNG Signs Long-Term Agreement With Qatar Energy; Plans To Supply LNG To Sri Lanka - 08 Feb, 2024

    Petronet LNG has executed a long-term LNG sale and purchase agreement with Qatar Energy for 7.5 MMTPA. Additionally, Petronet plans to supply LNG to Sri Lanka starting in 2025, initially in containers loaded on ships, and later build an import terminal.

  • Petronet LNG Renews Deal with QatarEnergy at Lower Price - 07 Feb, 2024

    Petronet LNG is set to renew its 2004 deal with QatarEnergy to buy 7.5MT gas annually at a significantly lower price, resulting in savings of $6 billion over the contract period. Additionally, despite a recent slowdown in growth rate, Petronet has grown earnings by an average of 9.2% annually over five years and has positive signs for dividend sustainability.

  • Petronet LNG Signs Long-Term Contract with QatarEnergy - 06 Feb, 2024

    Petronet LNG has signed a long-term agreement with QatarEnergy for the purchase of around 7.5 MMTPA LNG, ensuring energy security and continued supplies of regasified LNG to major consuming sectors in India. The deal is aimed at enhancing the share of natural gas in India's energy basket from 6% to 15% by 2030.

  • Petronet LNG Ltd Shows Bullish Signs - 04 Feb, 2024

    Technical analyst Patel notes that Petronet LNG cleared a massive resistance level at Rs 240 in January 2024, and suggests entering long positions in the range of Rs 260-272 with an upside target of Rs 320.

  • Petronet LNG Reports Mixed Results in Q3FY24 - 03 Feb, 2024

    Petronet LNG's Q3FY24 results show a beat in adj. EBITDA due to better spot margins but also allocate funds for provisions related to use or pay charges. The company raises its earnings and target price while retaining a BUY rating.

  • Petronet LNG Shows Strong Volume-Based Buying; Posts Record Q3 Net Profit - 31 Jan, 2024

    Petronet LNG rebounds from multi-year support zone, shows strong volume-based buying in last two months. Q3 FY24 results show 17.67% revenue growth and 41.75% profit increase QoQ. The company posted a record third-quarter net profit of Rs 1,190.30 crore due to increased capacity utilization.

  • Petronet LNG Reports Mixed Results and Warns Defaulting Customers - 30 Jan, 2024

    Petronet LNG reported mixed results with declining revenues but growing profits in Q3 FY24. The company warned defaulting customers to settle their use or pay dues within three years of default or risk getting bank guarantees encashed. Petronet LNG shares jumped 7% following the announcement.

  • Petronet LNG Reports Increase in Q3 Net Profit - 29 Jan, 2024

    Petronet LNG reports an increase in Q3 net profit to Rs 1,190.3 crore and a marginal YoY increase in consolidated net profit to Rs 1,190.67 crore.

  • Bullish Outlook for Petronet LNG Stock - 26 Jan, 2024

    Petronet LNG's uptrend remains intact, with a potential rise to ₹300-330 in the next three months. Immediate support at ₹255. Outlook turns bearish only if it falls below ₹230.

  • Foreign Investors Decrease Holding in Petronet LNG - 25 Jan, 2024

    In Q3FY24, Foreign Institutional Investors/Foreign Portfolio Investors decreased their holding in Petronet LNG from 33.31% to 26.82%. However, the company's revenue grew by 38.76% YoY to Rs. 59,899 Crores in FY23.

  • Petronet LNG Gains Momentum Amid Positive Recommendations - 24 Jan, 2024

    Petronet LNG sees bullish momentum with a gain of 5.27%. Kunal Bothra recommends buying/selling, while GAIL's upcoming numbers are expected to be strong.

  • Petronet LNG Ltd Stock Earns Respectable 44% Return in Last Five Years - 23 Jan, 2024

    Shareholders of Petronet LNG have earned a respectable 44% return over the last five years due to consistently high rates of return and strong fundamentals, making it worth further research.

  • Petronet LNG Imports 7.5mpta of LNG from Qatar - 22 Jan, 2024

    Petronet LNG, India's leading gas importer, currently imports 7.5mpta of LNG from Qatar with a slope of 12.67% and a fixed charge of $0.52.

Analyst Rating for Petronet LNG Ltd stock

based on 30 analysts

HOLD
25.81%
Buy
41.94%
Hold
32.26%
Sell

Based on 30 analysts offering long term price targets for Petronet LNG Ltd. An average target of ₹249.1

Source: S&P Global Market Intelligence

Petronet LNG Ltd share Performance

  • ₹279.5
    ₹284.95
    ₹280.7
    downward going graph

    0.43%

    Downside

    Day's Volatility:1.94%

    Upside

    1.51%

    downward going graph
  • ₹191.7
    ₹296.45
    ₹280.7
    downward going graph

    31.71%

    Downside

    52 Weeks Volatility:37.32%

    Upside

    5.61%

    downward going graph
1 Month Return8.21 %
3 Month Return44.27 %
1 Year Return31.76 %
Previous Close₹281.25
Open₹283.25
Volume54.72L
Market Cap₹42,187.50Cr

Petronet LNG Ltd Company Information

Petronet LNG Ltd was incorporated in 1998 and is India's largest liquefied natural gas (LNG) importer. Petronet LNG Ltd operates in the energy sector, primarily focusing on the import, storage, and regasification of LNG. The company is also involved in the transportation of natural gas and the supply of natural gas to industrial, commercial, and domestic consumers.

Petronet LNG Ltd's top products include LNG, natural gas, and related products. The company currently imports LNG from Qatar and Australia and is in the process of expanding its import capabilities to other countries. Petronet LNG Ltd also operates a network of terminals, pipelines, and storage facilities to transport and store natural gas. The company also owns and operates India's first LNG regasification terminal in Dahej, Gujarat.

Share Price: ₹280.70 per share as on 21 Feb, 2024 04:01 PM
Market Capitalisation: ₹42,187.50Cr as of today
Revenue: ₹14,747.21Cr as on December 2023 (Q4 23)
Net Profit: ₹1,212.98Cr as on December 2023 (Q4 23)
Listing date: 26 Mar, 2004
Chairperson Name: Pankaj Jain
OrganisationPetronet LNG Ltd
HeadquartersNew Delhi
IndustryGas Distribution
E-voting on sharesClick here to vote

Fundamentals of Petronet LNG Ltd

Insights on Petronet LNG Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 618.8 Cr → 1.21K Cr (in ₹), with an average increase of 19.4% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.84% to 9.92% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 10.76% to 12.22% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, PETRONET stock has moved up by 44.3%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 11.83K Cr → 14.92K Cr (in ₹), with an average increase of 10.9% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 50.00% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Indian Oil Corporation Ltd has given 196.0% return, outperforming this stock by 184.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Hindustan Petroleum Corporation Ltd has given 147.8% return, outperforming this stock by 116.0%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 33.31% to 26.83% in Dec 2023 quarter

Petronet LNG Ltd Valuation

Petronet LNG Ltd in the last 5 years

  • Overview

  • Trends

Lowest (8.33x)

November 1, 2023

Today (12.03x)

February 20, 2024

Industry (27.61x)

February 20, 2024

Highest (18.38x)

September 16, 2019

LowHigh

Petronet LNG Ltd Mutual Fund Holdings

Funds Holdings
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth1.57%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth1.99%
SBI Multicap Fund Direct GrowthSBI Multicap Fund Direct Growth2.71%
SBI Long Term Equity Fund Direct GrowthSBI Long Term Equity Fund Direct Growth1.85%
SBI Flexicap Fund Direct GrowthSBI Flexicap Fund Direct Growth1.57%

Petronet LNG Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
50%
0.00
Foreign Institutions
26.83%
-19.47
Mutual Funds
9.92%
105.08
Retail Investors
12.22%
13.52
Others
1.03%
-5.04

Technicals of Petronet LNG Ltd share

News & Events of Petronet LNG Ltd

Frequently Asked Questions

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Petronet LNG Ltd (PETRONET) share price today is ₹280.7

Petronet LNG Ltd is listed on NSE

Petronet LNG Ltd is listed on BSE

  • Today’s highest price of Petronet LNG Ltd is ₹284.95.
  • Today’s lowest price of Petronet LNG Ltd is ₹279.5.

PE Ratio of Petronet LNG Ltd is 12.03

PE ratio = Petronet LNG Ltd Market price per share / Petronet LNG Ltd Earnings per share

Today’s traded volume of Petronet LNG Ltd(PETRONET) is 54.72L.

Today’s market capitalisation of Petronet LNG Ltd(PETRONET) is ₹42187.5Cr.

Petronet LNG Ltd(PETRONETPrice
52 Week High
₹296.45
52 Week Low
₹191.7

Petronet LNG Ltd(PETRONET) share price is ₹280.7. It is down -5.31% from its 52 Week High price of ₹296.45

Petronet LNG Ltd(PETRONET) share price is ₹280.7. It is up 46.43% from its 52 Week Low price of ₹191.7

Petronet LNG Ltd(PETRONETReturns
1 Day Returns
-0.55%
1 Month Returns
8.21%
3 Month Returns
44.27%
1 Year Returns
31.76%