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Last Updated : Dec 28, 2018 01:50 PM IST | Source:

Buy Petronet LNG; target of Rs 270: Sharekhan

Sharekhan is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 270 in its research report dated December 27, 2018.

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Sharekhan's research report on Petronet LNG

Limited competition from new LNG terminals and huge gas demand-supply gap to ensure more than 100% utilisation for Dahej terminal over FY2019E-FY2020E. Strong free cashflow and limited capex in the near term could result in high dividend payout in FY2019E and FY2020E. We expect a volume CAGR of 9% over FY2018-FY2020E, led by Dahej terminal capacity addition and improvement in Kochi terminal utilisation.


We maintain our Buy rating with unchanged PT of Rs. 270.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on Dec 28, 2018 01:50 pm
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