Petronet LNG may test Rs 160: SP Tulsian

Tulsian told CNBC-TV18, “Looking at the initial numbers of Petronet LNG, they are looking very good and it reminds of old FY12 when the trend started with good results and also they have started showing very good numbers.”

He further added, “The kind of correction which we have seen in the stock maybe once we have the Petroleum and Natural Gas Regulatory Board (PNGRB) order in the supreme court for which the PNGRB has gone into the appeal against Indraprastha Gas Ltd (IGL), not specifically against the company. I think that will strongly rerate the stock from hereon. But the numbers are definitely looking good and I am taking a positive view. Even these numbers can make the stocks move to about Rs 160 in the near term or so.”