Petronet LNG has signed a binding sale and purchase agreement (SPA) with RasGas of Qatar for supply of an additional 1 MTA of LNG to India starting in 2016 for onward sale to four Indian entities, ie, Indian Oil Corporation, Bharat Petroleum Corporation, Gail (India) and Gujarat State Petroleum Corporation.
Petronet LNG Ltd is currently trading at Rs. 259, up by Rs. 4.15 or 1.63% from its previous closing of Rs. 254.85 on the BSE.
The scrip opened at Rs. 257.7 and has touched a high and low of Rs. 262 and Rs. 256.5 respectively. So far 1148644(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 19113.75 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 257.4 on 31-Dec-2015 and a 52 week low of Rs. 159.8 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 257.4 and Rs. 238.6 respectively.
The promoters holding in the company stood at 50 % while Institutions and Non-Institutions held 27.54 % and 22.46 % respectively.
The stock is currently trading below its 50 DMA.
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