India's Petronet LNG set to snap four-day losing run on Q1 profit climb

Petronet LNG

24/07/2024 10:00

** Shares of Petronet LNG  PLNG.NS  rise as much as 4.1%,
last up 2.8% to 342.8 rupees
    ** Stock set to end four-day losing run if trend holds
    ** Co's Q1 profit after tax rose ~40% YoY
    ** Rival GAIL (India)  GAIL.NS  yet to report results
    ** PLNG, GAIL each rated "hold" on avg - LSEG data
    ** PLNG up 54% YTD, GAIL up 37.5%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))