Has been on a uptrend after taking supp at its 200 DMA at 230 earlier this month
Overall the stock has been consolidating in the range of 230 to 255 in the last 6 months
Positional traders can wait for pullbacks to 200 DMA near 230 to buy.
short term traders can buy here for tgts of 255 and stops at 237.
Petronet LNG Limited (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The Company is engaged in the import and re-gasification of liquefied natural gas (LNG). The Company operates through the segment of natural gas business. The Company's terminals include Dahej LNG terminal, Kochi LNG terminal, Gangavaram LNG terminal and Solid cargo port. The Company's Dahej LNG terminal is LNG receiving and regasification terminal with an original nameplate capacity of approximately five million metric tons per annum, located at Dahej, Gujarat. The Kochi LNG terminal is LNG receiving, regasification and re loading terminal with nameplate capacity of approximately five million metric tons per annum, located at Kochi, Kerala. . The Company is building a third terminal at Gangavaram, Andhra Pradesh. Solid Cargo Port Terminal has facilities to import/export bulk products, such as coal, steel and fertilizer.
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