Petronet LNG rose 1.54% to Rs 280.90 at 9:22 IST on BSE after net profit fell 20.43% to Rs 239.27 crore on 15.39% decline in total income to Rs 6107.95 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 16 May 2016.
Meanwhile, the S&P BSE Sensex was up 153.15 points or 0.6% at 25,806.38.
On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 1.05 lakh shares in the past two weeks. The stock hit a high of Rs 284 and a low of Rs 279.20 so far during the day. The stock had hit a 52-week low of Rs 164.95 on 24 August 2015. The stock had hit a record high of Rs 284.75 on 13 May 2016.
The large-cap company has equity capital of Rs 750 crore. Face value per share is Rs 10.
The fall in Petronet LNG's bottom line was due to the base effect. The company's bottom line in Q4 March 2015 was boosted by a tax reversal of Rs 170.14 crore.
Petronet LNG was formed as a joint venture by the Government of India to import liquified natural gas (LNG) and set up LNG terminals in the country.
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