Petronet LNG share price crashes 5% to 52-week low despite stock market rise: What’s behind the fall?
Shares of Petronet LNG plunged nearly 5% to hit a fresh 52-week low on the BSE today, March 20, even as the Indian stock market rebounded after yesterday’s drubbing, amid bearish views from brokerages as the Middle East war is expected to weigh on the company’s volumes.
The gas stock dipped 4.67% to ₹258.70, its lowest level in a year, following bearish views from brokerages. Petronet LNG shares have lost 19% so far in March, putting them on track for the worst monthly decline in six years.
