Hold Petronet LNG; target of Rs 410: ICICI Direct
ICICI Direct recommended hold rating on Petronet LNG with a target price of Rs 410 in its research report dated February 14, 2017.
ICICI Direct's research report on Petronet LNG
In the long term, we expect volumes to show stable growth and will contribute to higher profitability. We have valued the stock based on DCF methodology (WACC 12%, terminal growth 3%) to arrive at a price target of Rs 410 with a HOLD rating.
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