Key Events This Week
Feb 9: Stock opens at Rs.299.90, gaining 1.27% amid positive market sentiment
Feb 10: Technical momentum shifts to mildly bearish despite 1.33% price gain
Feb 12: Sharp decline of 2.25% as bearish signals intensify
Feb 13: Flat quarterly performance reported; stock closes down 2.14%
Feb 9: Positive Start Amid Broader Market Gains
Petronet LNG began the week on a positive note, closing at Rs.299.90, up 1.27% from the previous Friday’s close of Rs.296.15. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, reflecting early optimism in the stock. Trading volume was robust at 92,600 shares, indicating healthy investor interest. The broader market rally provided a supportive backdrop, with the stock comfortably above its 52-week low of Rs.263.70.
Feb 10: Technical Momentum Shifts Despite Price Gain
On 10 February, Petronet LNG’s stock rose further by 1.33% to Rs.303.90, marginally outperforming the Sensex’s 0.25% gain. However, technical analysis revealed a shift from a sideways trend to a mildly bearish momentum. Key indicators such as daily moving averages suggested resistance near Rs.301-303, while the monthly MACD turned bearish, signalling longer-term caution. The stock’s Mojo Score was downgraded to 38.0 with a Sell rating, reflecting deteriorating technical quality despite short-term strength.
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Feb 11: Price Stabilises Amid Mixed Signals
The stock price remained nearly flat on 11 February, closing at Rs.303.80, a marginal decline of 0.03%. The Sensex continued its modest ascent, gaining 0.13% to 37,256.72. Trading volume dipped to 68,781 shares, reflecting a pause in momentum. Technical indicators remained conflicted, with weekly MACD bullish but monthly indicators bearish, reinforcing the sideways-to-mildly bearish outlook. Investors appeared cautious ahead of quarterly results.
Feb 12: Sharp Decline Reflects Growing Bearish Pressure
On 12 February, Petronet LNG’s stock fell sharply by 2.25% to Rs.296.95, underperforming the Sensex which declined 0.56%. The volume surged to 112,463 shares, indicating increased selling pressure. This drop aligned with the technical momentum shift observed earlier in the week, as the stock breached key support levels near Rs.294. The broader market weakness and sectoral headwinds contributed to the negative sentiment, signalling caution among investors.
Feb 13: Quarterly Results Show Flat Performance Amid Margin Pressures
Petronet LNG reported flat quarterly financials for the December 2025 quarter, with net sales declining 5.9% to Rs.11,163.83 crores and profit before tax excluding other income falling 6.2% to Rs.927.45 crores. Net profit after tax decreased by 5.2% to Rs.869.61 crores, reflecting margin pressures in a challenging gas sector environment. Despite these setbacks, the company’s financial trend score improved from -13 to -2, indicating stabilisation. Cash reserves reached a record Rs.11,376.89 crores, and receivables management strengthened with a turnover ratio of 19.01 times.
The stock closed the day at Rs.290.60, down 2.14%, underperforming the Sensex’s 1.40% decline. Valuation metrics showed improvement, with a P/E ratio of 12.14 and EV/EBITDA of 7.01, positioning Petronet LNG as attractively priced relative to peers such as Linde India. The company’s Mojo Score rose to 47.0 but retained a Sell grade, reflecting cautious optimism amid mixed fundamentals and market conditions.
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Weekly Price Performance: Petronet LNG vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.299.90 | +1.27% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.303.90 | +1.33% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.303.80 | -0.03% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.296.95 | -2.25% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.290.60 | -2.14% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The stock started the week strongly, outperforming the Sensex on the first two trading days. Petronet LNG’s improved financial trend score and record-high cash reserves provide a stabilising foundation amid sector challenges. Valuation metrics have shifted favourably, with P/E and EV multiples indicating attractive pricing relative to peers.
Cautionary Signals: Technical momentum shifted to a mildly bearish stance midweek, with key indicators signalling resistance and potential downside. Quarterly results revealed margin pressures and declines in sales and profitability, underscoring operational challenges. The stock closed the week down 1.87%, underperforming the benchmark index, and retains a Sell Mojo Grade, reflecting ongoing risks.
Conclusion
Petronet LNG Ltd’s week was characterised by mixed developments. Early gains gave way to technical caution and a sharp price decline as margin pressures surfaced in quarterly results. While valuation improvements offer a more attractive entry point, the stock’s underperformance relative to the Sensex and the downgrade in technical momentum suggest a cautious outlook. Investors should monitor upcoming quarters closely for signs of earnings recovery and clearer directional momentum before adjusting exposure.
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