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Last Updated : May 26, 2019 03:43 PM IST | Source: Moneycontrol.com

Buy Petronet LNG; target of Rs 306 Prabhudas Lilladher

Prabhudas Lilladher is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 306 in its research report dated May 16, 2019.

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Prabhudas Lilladher's research report on Petronet LNG


We maintain our estimates for FY20/21E. PLNG is a play on India's rising LNG imports supported by benign spot LNG prices. We like PLNG's business model given high earnings visibility and see limited competition to its well-entrenched reach in the LNG business.


Outlook


Reiterate BUY with a DCF based PT of Rs306 (unchanged).


For all recommendations report, click here


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


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First Published on May 26, 2019 03:43 pm
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