/ GDF International To Exit Petronet LNG Petronet LNG Tanks 3% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 8 June 2017

Petronet LNG fell close to 3% at Rs 426.90 per share on Thursday's morning session. GDF International plans to sell its entire 10% stake in Petronet LNG in a block trade, a national news portal reported.The Government of India through ONGC, IOC, GAIL and BPCL holds 50% stake in Petronet LNG as of March 31, 2017. JPMorgan and Citigroup have been appointed to arrange for the buyers.Petronet LNG is a state-run company, which owns a receiving and regasification terminal at Dahej, Gujarat, and an another terminal at Kochi, Kerala.

Petronet LNG Ltd is currently trading at Rs 425.75, down by Rs 14.35 or 3.26% from its previous closing of Rs 440.1 on the BSE.The scrip opened at Rs 430 and has touched a high and low of Rs 437.4 and Rs 421 respectively. So far 106232404(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 33007.5 crore.The promoters holding in the company stood at 50 % while Institutions and Non-Institutions held 37.12 % and 12.88 % respectively.The stock is currently trading below its 50 DMA.
For Quick Trial – 8962000225 
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 ✔
Give a Missed Call for Free Trial - 09699997717✔