Buy Petronet LNG; target of Rs 384: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 384 in its research report dated August 18, 2020.

Broker Research

August 20, 2020 / 14:04 IST

26 Aug, 2025 12:21

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Prabhudas Lilladher's research report on Petronet LNG

We leave our estimates for FY21-23E unchanged. Petronet LNG (PLNG) is a play on India’s rising LNG imports supported by soft spot LNG prices. We like PLNG’s business model given high earnings visibility.

Outlook

We see limited competition to PLNG’s well-entrenched reach in the LNG business. Reiterate BUY with a DCF based PT of Rs384.

For all recommendations report, click here

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Broker Research

first published: Aug 20, 2020 12:36 pm

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