Stock under Rs 350: Shares in focus as India biggest gas importer reports highest quarterly net profit

Shares of Petronet LNG are in focus today after India's biggest gas importer announced its financial results for the quarter ending March 31. Despite reporting the highest-ever quarterly profit during January-March, shares of the company traded in the red. The counter started the session at Rs 318 against the previous close of Rs 320.75 on the BSE. It fell further to touch the low of Rs 310 - a dip of 3.24 per cent from the last closing price. While it rebounded to touch the intraday high of Rs 321, it couldn't hold the level for long. Last seen, it was trading at Rs 316.45.

Business