Petronet LNG shares drew investor attention following management’s recent commentary during its concall. The company addressed key operational updates and provided a near-term outlook on demand and pricing.
Management clarified that they do not anticipate any major geopolitical risks impacting long-term LNG procurement costs. This comment comes amid continued global volatility in energy markets, where geopolitical tensions often influence price fluctuations.
The company also expressed optimism about a pickup in demand, stating that it expects LNG consumption to recover further in the upcoming quarter. This expected recovery is seen as a continuation of recent trends, with the company reporting a 10% quarter-on-quarter increase in throughput at its Dahej LNG terminal during the April to June period.
Petronet LNG shares moved between ₹296.30 and ₹307.55 so far today, after opening at ₹297.60. The previous close was ₹301.75. The stock is currently trading within a steady range and remains above its 52-week low of ₹269.60, while staying below the 52-week high of ₹384.20.
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