On the BSE, 5.24 lakh shares were traded in the counter so far compared with average daily volumes of 66,000 shares in the past two weeks. The stock hit a 52-week high at Rs 246.25 in intraday today. The scrip hit a 52-week low of Rs 195.75 on 13 October 2023.

The stock had outperformed the market over the past one month, rising 9.26% as against Sensex's 0.24% increase.

The scrip had outperformed the market in past three months, advancing 2.03% as against 4.92% increase in Sensex.

The counter had also outperformed the market in past one year, soaring 17.17% as against Sensex's 11.29% rise.

On the technical front, the stock's daily RSI (relative strength index) stood at 72.831. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 200-day simple moving average (SMA) placed at 223.19. These levels will act as crucial support zones in near term.

Petronet LNG Limited, one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala

The company's consolidated net profit jumped 13% to Rs 819.28 crore in Q1 FY24 as compared with Rs 724.84 crore in Q1 FY23. Net sales declined 18.3% YoY to Rs 11,656.38 crore in Q1 FY24.