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Hold Petronet LNG; target of Rs 215: ICICI Direct

ICICI Direct recommended hold rating on Petronet LNG with a target price of Rs 215 in its research report dated November 11, 2022.

November 23, 2022 / 02:48 PM IST
 
 
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ICICI Direct's research report on Petronet LNG


Petronet LNG, a JV between leading PSU oil companies, is involved in LNG import and regasification. The company operates two LNG terminals at Dahej and Kochi • Total nameplate capacity of the company is 22.5 MMTPA.


Outlook


We retain our HOLD rating on the stock. We value Petronet at Rs 215 i.e. 11x P/E on FY24E EPS.


For all recommendations report, click here


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Petronet LNG - 14 -11-2022 - icici

Broker Research
first published: Nov 23, 2022 02:48 pm