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.
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