Petronet LNG with target @Rs 68
Petronet LNG Ltd with a price target of Rs 68
“Petronet LNG Ltd. (PLL) accounts for 23.5% of natural gas supply of India and boasts of a sovereign parentage of GAIL, IOCL, ONGC and BPCL. Considered as an Indian pioneer in import distribution, it regasifies 6.5 million mtpa of imported LNG from its facility in Dahej, Gujarat and is a major supplier to GAIL’s HVJ gas pipeline. The capacity expansions at Dahej should enable PLL volume growth by 13% in FY10 to 7.3 million mt and 24% in FY11 to 9.1 million mt garnering scale in earnings. Therefore coverage on the stock with a ‘BUY’ recommendation and a price target of Rs 68 on two years investment perspective
read more expert view on same…http://http://www.moneycontrol.com/mccode/news/article/other_reco.php?scid=PLN&topic=Petronet%20LNG
*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment