Shares of Petronet LNG remained in focus during early trade on April 9, even as the stock showed a mixed intraday trend. As of 10:15 AM. the shares were trading 1.13% lower at Rs 267.35.
As of 10:11 AM (IST), the stock moved within a narrow range, touching a low of ₹262.50 and a high of ₹269.98. It opened at ₹268.00 compared to the previous close of ₹270.41, indicating mild pressure in early sessions. Trading activity remained active, with volume at 38,13,745 shares.
The movement comes amid reports that Russia is offering LNG cargoes at discounts of up to 40% to Asian buyers, following continued restrictions linked to US sanctions. The development is being closely tracked by market participants, especially companies involved in LNG imports and regasification.
On the technical front, the stock remains below its 52-week high of ₹326.50, while holding above its 52-week low of ₹235.35. The current price action suggests cautious sentiment, with investors watching global energy developments and policy signals.
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