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).
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