The share price of Petronet LNG NSE 0.11 % Ltd. dropped 0.88 per cent to Rs 225.95 at 12:24PM (IST) in Tuesday’s trade. The counter has hit a high of Rs 228.8 and low of Rs 225.6 so far during the session. The stock had closed at Rs 227.95 in the previous session.
The counter has had a total traded volume of 93990 shares so far with a value of Rs 2.13 crore on the NSE. It traded at a price-to-earnings multiple of 11.53 and a price-to-book ratio of 2.7.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
