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Entire pack of gas stocks in a sweet spot: IIFL

Our official target price on Petronet LNG is close to Rs 315. We think it is a good compelling buy on rising liquefied natural gas (LNG) imports in India, said Harshvardhan Dole of IIFL.

December 08, 2017 / 10:43 AM IST

In an interview with CNBC-TV18, Harshvardhan Dole of IIFL shared his views and outlook on various stocks and sectors.

According to him, entire gamut of gas stocks, Petronet LNGGujarat Gas, Indraprastha Gas Ltd (IGL), Mahanagar Gas – all are in sweet spot.

Over the next three-five years earnings growth should remain strong especially for the city gas distribution companies, he added.

Our official target price on Petronet LNG is close to Rs 315. We think it is a good compelling buy on rising liquefied natural gas (LNG) imports in India, said Dole.

Sharing his views on what the Power minister said about mandatory power for all by March 2019, he mentioned that it is feasible and achievable. However, for that there has to be a seamless coordination between the centre and the states.

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CNBC-TV18
first published: Dec 8, 2017 10:39 am
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