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Shares in Petronet LNG rallied after the company reported a good set of quarterly numbers.
The stock moved higher by as much as much as 6 percent to Rs 295. Sales at the company were up 8.7 percent to Rs 9,361.2 crore, as against an estimate of around Rs 9,000 crores.
Net profit was up 2 times to Rs 1,103.1 crore, while the Ebitda up 13.3 percent to Rs 1,160.4 crore.
Analysts have upgraded the stock to a buy on better than expected results.
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