Dec 31, 2012, 11.38 AM | Source: Moneycontrol.com
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.
Ashwani Gujral of ashwanigujral.com is of the view
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The company had reported a net profit of Rs 244.12