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