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Buy Petronet LNG, target Rs 270: Manas Jaiswal

ETMarkets.com|
Oct 12, 2017, 08.47 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Petronet LNG with a target price of Rs 270.

The current market price of Petronet LNG is Rs 258.15.

Time period given by the analyst is intraday when Petronet LNG price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 250.

Petronet LNG, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 38,722.50 Crore) operating in Petrochemicals sector.

Petronet LNG key Products/Revenue Segments include Liquified Natural Gas which contributed Rs 23,395.78 Crore to Sales Value (95.04 per cent of Total Sales), Other Services which contributed Rs 1154.98 Crore to Sales Value (4.69 per cent of Total Sales) and Other Operating Revenue which contributed Rs 65.27 Crore to Sales Value (0.26 per cent of Total Sales)for the year ending 31-Mar-2017.

The company's top management includes Dr.Jyoti Kiran Shukla, Dr.T Natarajan, Mr.A K Misra, Mr.D Rajkumar, Mr.G K Satish, Mr.K D Tripathi, Mr.Prabhat Singh, Mr.Rajender Singh, Mr.Subhash Kumar, Mr.Subir Purkayastha, Mr.Sushil Kumar Gupta.

Company has T R Chadha & Co. LLP as its auditors.

As on 30-06-2017, the company has a total of 750,000,044 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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