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Petronet LNG slips on block deal

Petronet LNG slipped 1.60% at Rs 199.25 per share on BSE in the morning hours of trade.
 
On NSE, the stock witnessed a 20 lakh shares’ trade in a block at Rs 199.45 per share. Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore, executed through a single transaction on the special block deal window.
 
Petronet LNG Limited (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG) and operates through the segment of natural gas business.
 
The company has been maintaining a dividend payout of 19.43%. On a yearly basis, the stock has given 27.41% returns.

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