Motilal Oswal recommended Neutral rating on Petronet LNG with a target price of Rs 210 in its research report dated March 27, 2023.

Neutral Petronet LNG; target of Rs 210: Motilal Oswal

While no storage targets have yet been discussed, Petronet is adding more tanks at its LNG import terminals to store the imported fuel and is working on a floating import plant in the eastern state of Odisha, Mishra said. Long-Term Deals Last years crunch is also prompting Indian buyers to hunt for …

India considers strategic LNG reserve to avoid future shortages

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Anticipating an increase in demand, liquefied natural gas (LNG) importers Gail India, Gujarat State Petroleum Corporation Ltd, Petronet LNG and Indian Oil Corporation (IOCL) among others, are contracting for more spot LNG cargoes, according to industry sources.

Over 50% drop in global LNG prices to spur demand

Traders can go long in Petronet LNG at the current level of ₹236.8.

Today’s Pick: Petronet LNG (₹236.8): BUY

Petronet LNG on the weekly chart has decisively broken out above the ‘symmetrical triangle’ at Rs 230 level with strong bullish candle indicating a positive bias.

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Petronet, which is currently purchasing LNG from Qatar at $16 per million British thermal unit (mmbtu), has until the end of this year to renew its deal. India’s LNG imports fell for the second straight year in 2022, mainly due to fewer imports by utilities as the country ramped up coal-fired power …

Petronet seeks more LNG under long-term Qatar deal

India’s top gas importer Petronet LNG is seeking additional Liquified Natural Gas (LNG) of 0.75 to one million tonnes per annum (mtpa) from Qatar, the company’s Chief Executive A.K. Singh said

Petronet seeks additional LNG of 0.75 to 1 mn tonnes from Qatar, says CEO

Geojit is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 260 in its research report dated January 30, 2023.

Buy Petronet LNG; target of Rs 260: Geojit

Motilal Oswal is bullish on Petronet LNG recommended buy rating on the stock with a target price of Rs 271 in its research report dated January 22, 2023.

Buy Petronet LNG; target of Rs 271: Motilal Oswal

Sharekhan is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 248 in its research report dated January 20, 2023.

Buy Petronet LNG target of Rs 248: Sharekhan

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Petronet LNG Limited (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The Company is engaged in the import and re-gasification of liquefied natural gas (LNG).

Petronet LNG Ltd