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Petronet LNG: Why this stock merits inclusion in a low-risk portfolio

We expect margins of Petronet LNG to grow further, in line with the improvement in utilisations

November 25, 2020 / 09:20 AM IST
Petronet LNG: Why this stock merits inclusion in a low-risk portfolio

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

After a weak first quarter, Petronet LNG (CMP: Rs 259 MCap: Rs 38,827 crore) has reported an encouraging performance in Q2FY21 as demand recovered and volumes improved. There are multiple triggers to drive the company’s growth in the medium to long term — improvement in utilisation at the Kochi terminal once the Kochi-Mangalore pipeline is commissioned, further expansion of the Dahej terminal, higher domestic demand for LNG, low growth in domestic production and a foray into the LNG retail space. The...

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