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Buy Petronet LNG; target of Rs 320: Sharekhan

Sharekhan is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 320 in its research report dated April 05, 2018.

April 09, 2018 / 17:45 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Petronet LNG

    Petroleum and Natural Gas Regulatory Board (PNGRB) draft regulations requires LNG terminal operators to register their LNG terminals with PNG RB, which would be valid for 25 years and extendable up to 10 years and offer 20% of short term  ( less than five  years  contracts )  uncommitted re-gasification capacity or 0.5mmt, whichever is higher as common carrier capacity.

    Outlook

    We believe the long-term volume growth outlook of PLNG remains robust and hence, maintain our Buy rating on the stock with unchanged target price of Rs. 320.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.

    Broker Research
    first published: Apr 9, 2018 05:45 pm

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