Petronet LNG shares in focus as company sees no geopolitical cost risks, expects demand recovery
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.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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