Petronet LNG shares slide 8.5% on regulatory concerns, Citi’s ‘sell’ rating: Know More Here
Petronet LNG shares fell 8.5% during intraday trading on Thursday, January 2, after the Petroleum and Natural Gas Regulatory Board (PNGRB) made unfavourable statements about tariff-related actions. The loss was worsened by Citi’s gloomy forecast, which put the stock on a 90-day negative watch. Regulatory scrutiny intensifies PNGRB accused Petronet LNG of abusing gas users…