Sharekhan is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 320 in its research report dated April 05, 2018.
Sharekhan's research report on Petronet LNG
Petroleum and Natural Gas Regulatory Board (PNGRB) draft regulations requires LNG terminal operators to register their LNG terminals with PNG RB, which would be valid for 25 years and extendable up to 10 years and offer 20% of short term ( less than five years contracts ) uncommitted re-gasification capacity or 0.5mmt, whichever is higher as common carrier capacity.
Outlook
We believe the long-term volume growth outlook of PLNG remains robust and hence, maintain our Buy rating on the stock with unchanged target price of Rs. 320.For all recommendations report, click here
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