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 November 27, 2015, Petronet LNG closed at Rs 230.95, down Rs 0.9, or 0.39 percent. The 52-week high of the share was Rs 238.00 and the 52-week low was Rs 159.80.
The company's trailing 12-month (TTM) EPS was at Rs 12.79 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 18.06. The latest book value of the company is Rs 75.85 per share. At current value, the price-to-book value of the company is 3.04.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen