Petronet LNG falls on Daiwa downgrade report

Shares of Petronet LNG fell 0.57 percent to Rs 158.15 on Monday on the Bombay Stock Exchange after the research firm Daiwa has downgraded the stock to outperform with a target price of Rs 175.
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Dec 31, 2012, 11.38 AM | Source: Moneycontrol.com

Petronet LNG falls on Daiwa downgrade report

Shares of Petronet LNG fell 0.57 percent to Rs 158.15 on Monday on the Bombay Stock Exchange after the research firm Daiwa has downgraded the stock to outperform with a target price of Rs 175.

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Petronet LNG falls on Daiwa downgrade report

Shares of Petronet LNG fell 0.57 percent to Rs 158.15 on Monday on the Bombay Stock Exchange after the research firm Daiwa has downgraded the stock to outperform with a target price of Rs 175.

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Shares of Petronet LNG fell 0.57 percent to Rs 158.15 on Monday on the Bombay Stock Exchange after the research firm Daiwa has downgraded the stock to outperform with a target price of Rs 175.

According to report, the company's new liquefied natural gas regasification terminal at Kochi is likely to be commissioned by March next year, but Daiwa expects a slow ramp-up of LNG-processing volumes at this terminal."

The performance of the stock was not so good in the year so far. The stock declined nearly 1 percent in the year 2012 while in last fortnight, it was down more than 2 percent.

Petronet LNG stock price

On May 30, 2016, Petronet LNG closed at Rs 277.65, up Rs 5.15, or 1.89 percent. The 52-week high of the share was Rs 284.75 and the 52-week low was Rs 164.95.


The company's trailing 12-month (TTM) EPS was at Rs 12.19 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 22.78. The latest book value of the company is Rs 88.04 per share. At current value, the price-to-book value of the company is 3.15.

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