Expect breakout above Rs 114-115 in Petronet LNG, says Anu Jain of IIFL Private Wealth Management.
Jain told CNBC-TV18, “Petronet charts are still not really broken out. I would look at a breakout over Rs 114-115, so when it crosses those levels probably you will get a sharper move. But at the interim it is probably going to stay between Rs 110 to Rs 114 kind of zone."
The company's trailing 12-month (TTM) . At current value, the price-to-book value of the company was 3.74. The dividend yield of the company was 1.57%.
- EPS was at Rs 5.50 per share
- Price-to-earnings (P/E) ratio was 20.28
- The latest book value of the company is Rs 29.80 per share
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