The stock of Petronet LNG went up today on the back of strong September quarterly results following lesser tax outgo.
The stock was up 2.25% to Rs 285.40 on the BSE today. Similary, on the NSE, its shares were up by Rs 6.35, or 2.25%, to Rs 285.50
The leading player in energy sector has reported a ₹1,089 crore consolidated net profit for the quarter ending financial year 2019-20.
This is nearly twice the ₹572.89 crore net profit reported by the company in the same quarter of the preceding year.
The company's Board of Directors has also declared special interim dividend of ₹5.50 per equity share (of the face value of ₹10 each) for the financial year 2019-2020.