SENSEX NIFTY
Dec 31, 2012, 11.38 AM IST | Source: Moneycontrol.com

Petronet LNG falls on Daiwa downgrade report

Shares of Petronet LNG fell 0.57 percent to Rs 158.15 on Monday on the Bombay Stock Exchange after the research firm Daiwa has downgraded the stock to outperform with a target price of Rs 175.

Shares of Petronet LNG fell 0.57 percent to Rs 158.15 on Monday on the Bombay Stock Exchange after the research firm Daiwa has downgraded the stock to outperform with a target price of Rs 175.

According to report, the company's new liquefied natural gas regasification terminal at Kochi is likely to be commissioned by March next year, but Daiwa expects a slow ramp-up of LNG-processing volumes at this terminal."

The performance of the stock was not so good in the year so far. The stock declined nearly 1 percent in the year 2012 while in last fortnight, it was down more than 2 percent.

Petronet LNG stock price

On September 02, 2014, at 10:56 hrs Petronet LNG was quoting at Rs 200.70, up Rs 13.65, or 7.30 percent. The 52-week high of the share was Rs 201.00 and the 52-week low was Rs 102.50.


The company's trailing 12-month (TTM) EPS was at Rs 8.58 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 23.39. The latest book value of the company is Rs 66.48 per share. At current value, the price-to-book value of the company is 3.02.

READ MORE ON  Petronet LNG
Set email alert for

ADS BY GOOGLE

video of the day

See earnings growth spike, big reforms in 2015: Envision

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.