Petronet LNG shares gained two percent amid high volumes on Thursday after the company signed initial agreement to buy 4mtpa from US-based United LNG.
PLL said they have executed a preliminary conditional agreement with United LNG (a US based firm) for supply of around 4 MMTPA LNG for 20 years through the Main Pass Energy Hub.
Main Pass Energy Hub is been jointly developed by United LNG and Freeport McMoRan Energy. "The binding LNG SPA is yet to be executed and is expected by the end of this year," according to a release sent to exchanges.
At 14:00 hours IST, the stock was up 2.07 percent to Rs 137.75 on Bombay Stock Exchange.
Trading volumes increased 47.59 percent to 1,68,004 shares as compared to its five-day average of 1,13,835 shares.
Petronet LNG stock price
On November 27, 2015, Petronet LNG closed at Rs 230.95, down Rs 0.9, or 0.39 percent. The 52-week high of the share was Rs 238.00 and the 52-week low was Rs 159.80.
The company's trailing 12-month (TTM) EPS was at Rs 12.79 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 18.06. The latest book value of the company is Rs 75.85 per share. At current value, the price-to-book value of the company is 3.04.
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