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.
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
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