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Ideas for Profit | Petronet LNG: This defensive play is displaying healthy profitability

February 14, 2020 / 02:07 PM IST
Ideas for Profit | Petronet LNG: This defensive play is displaying healthy profitability

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Regasification company Petronet LNG (PLNG) (CMP: Rs 260; Mcap Rs 39,382 crore) did well in Q3FY20, and while revenue contracted, its operating profit and margins expanded. PLNG is a company that faces low risks and is positioned to benefit from a push for cleaner energy. The stock has seen an uptick but even then, investors looking for a defensive option can keep this stock on their radar. Business PLNG imports and regasifies imported natural gas. It has terminals in Dahej (capacity: 17.5 MMTPA)...

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