Petronet LNG's Stock Declines by -3.33% on September 9, Underperforming Sector

Petronet LNG Ltd., a leading player in the industrial gases and fuels industry, saw a decline in its stock price on September 9, 2024. The stock lost -3.33% on this day, underperforming the sector by -1.17%. This marks the second consecutive day of losses for the company, with a total decline of -6.56% in this period.

The stock's performance today was reflected in its intraday low of Rs 343.15, a decrease of -3.15%. However, Petronet LNG's moving averages are still showing a positive trend, with the stock's price being higher than the 100-day and 200-day moving averages. It is, however, lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Petronet LNG's stock performance has been negative. On the same day, the Sensex saw a slight increase of 0.15%, while Petronet LNG's stock declined by -3.33%. In the past month, the company's stock has seen a decline of -6.57%, while the Sensex has shown a positive growth of 2.01%.

MarketsMOJO has given a 'Hold' call for Petronet LNG's stock, indicating a neutral stance on the company's performance. As a largecap company in the industrial gases and fuels industry, Petronet LNG's stock performance will continue to be closely monitored by investors.