Buy Petronet LNG; target of Rs 306 Prabhudas Lilladher

Prabhudas Lilladher's research report on Petronet LNG

We maintain our estimates for FY20/21E. PLNG is a play on India's rising LNG imports supported by benign spot LNG prices. We like PLNG's business model given high earnings visibility and see limited competition to its well-entrenched reach in the LNG business.

Outlook

Reiterate BUY with a DCF based PT of Rs306 (unchanged).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More