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Stock of the day : Buy Petronet LNG For Target Rs. 245 - Religare Broking Ltd Petronet LNG * Petronet has rebounded strongly after finding support at lower end of rising channel on the weekly chart. * Forming higher highs for the last ten months. Expect to surpass the previous swing high soon. * The price action coupled with positive momentum suggests gradual up move from hereon. * We thus recommend creating fresh longs in the mentioned zone. Buy Petronet LNG CMP 231.55; Range230-233; SL 226; Target 245   To Read Complete Report ...
Stock of the day : Buy Petronet LNG For Target Rs. 245 - Religare Broking Ltd
Stock of the day : Buy Petronet LNG For Target Rs. 245 - Religare Broking Ltd
Source: Religare Broking Ltd
10/08/2023 12:24:33 PM
Buy Petronet LNG Ltd For Target Rs. 280 - Yes Securities Ltd Our view PLNG’s 1QFY24 reported revenue at Rs 116bn (-18% YoY; -16% QoQ), operating profit at Rs 11.8bn (+11% YoY; +25% QoQ), PAT reported at Rs 7.9bn (+13% YoY; +29% QoQ). Throughput came at 230mmbtu (+11% YoY; +24% QoQ) led by higher capacity utilization and better operating efficiencies. ‘Use or Pay’ revenue of Rs 8.5bn for CY22 remains a recoverable as of date and PLNG is negotiating with concerned parties for the same. The Dahej terminal utilization improved QoQ to 9...
Buy Petronet LNG Ltd For Target Rs. 280 - Yes Securities Ltd
Buy Petronet LNG Ltd For Target Rs. 280 - Yes Securities Ltd
Source: Yes Securities Ltd
4/08/2023 12:37:32 PM
Stock of the day : Buy Petronet LNG Ltd For Target Rs. 315 - Religare Broking Petronet LNG Ltd * Petronet has recovered strongly after retesting the support zone of medium term moving average i.e. 100 EMA on weekly chart. * Forming higher highs for the last one and a half years. Expect to surpass the previous swing high soon. * The chart pattern and existence of multiple supports are indicating gradual up move from hereon. * We thus recommend creating fresh longs in the mentioned zone.   Buy Petronet LNG Ltd CMP 229.70; Range 228-230; SL 224...
Stock of the day : Buy Petronet LNG Ltd For Target Rs. 315 - Religare Broking
Stock of the day : Buy Petronet LNG Ltd For Target Rs. 315 - Religare Broking
Source: Religare Broking
10/07/2023 10:59:22 AM
Buy Petronet LNG Ltd For Target Rs. 315 - Yes Securities Ltd Our view PLNG’s 4QFY23 reported operating profit at Rs 9.4bn (-25% YoY; +14% QoQ) missed our and street estimates on account of higher than estimated operating expenses during the quarter. PAT while QoQ higher on adjusted basis, stood 48% lower QoQ on reported basis, as the 3QFY23 included the ‘Use or Pay’ revenue of Rs 8.5bn for CY22. The same remains a recoverable as of date and PLNG is negotiating with concerned parties for the same. The Dahej terminal utilization impr...
Buy Petronet LNG Ltd For Target Rs. 315 - Yes Securities Ltd
Buy Petronet LNG Ltd For Target Rs. 315 - Yes Securities Ltd
Source: Yes Securities Ltd
6/05/2023 10:47:17 AM
Neutral Petronet LNG Ltd For Target Rs.225 - Motilal Oswal Financial Services Ltd * Petronet LNG (PLNG) reported in-line EBITDA of INR9.4b during the quarter. Dahej utilization improved to 77%, while utilization at Kochi stood at 21%. * Spot LNG price has dropped to ~USD11/mmBtu thereby driving up utilization levels at Dahej terminal to ~97% in Apr’23. Management expects utilization levels to remain healthy going forward if LNG price sustains at current level. * Management also highlighted that utilization at Kochi terminal may reach 35% in FY25E from 21% curre...
Neutral Petronet LNG Ltd For Target Rs.225 - Motilal Oswal Financial Services Ltd
Neutral Petronet LNG Ltd For Target Rs.225 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
4/05/2023 2:03:02 PM
India`s top gas importer sees `huge jump` in demand as prices ease India's top gas importer Petronet LNG expects a 'huge jump' in local gas demand for at least six months due to a softening of global prices of liquefied natural gas (LNG), its chief executive A. K. Singh said on Wednesday. Indian gas demand is already showing signs of recovery after global LNG prices fell to about $11 per million British thermal units in Asian markets. Petronet operated its 17.5 million tonnes a year Dahej LNG terminal on the west coast at 97% in April compa...
India`s top gas importer sees `huge jump` in demand as prices ease
India`s top gas importer sees `huge jump` in demand as prices ease
Source: Reuters
4/05/2023 9:06:53 AM
Buy Petronet LNG Ltd For Target Rs. 248 - Religare Broking  Petronet LNG Ltd  * PETRONET has been showing tremendous resilience despite the prevailing negativity. * Fresh breakout from its 2-month long consolidation phase, supported with a decent rise in volume. * Considering its chart pattern, we expect that the ongoing momentum will continue. * We thus suggest initiating fresh longs as per the given levels.   Buy Petronet LNG Ltd @ BUY CMP236.70; Range 232-235; SL227; Target 248  ...
Buy Petronet LNG Ltd For Target Rs. 248 - Religare Broking
Buy Petronet LNG Ltd For Target Rs. 248 - Religare Broking
Source: Religare Broking Ltd
16/03/2023 10:05:48 AM
Weekly Tech Picks:Petronet LNG Ltd, Hindustan Aeronautics Ltd, Sterling & Wilson Renewable Energy Ltd, By Axis Securities Petronet LNG Ltd * PETRONET on the weekly chart has decisively broken out above the “Symmetrical triangle” at 230 level with strong bullish candle indicating a positive bias. * The breakout is accompanied with an increase in volume confirming participation at breakout level 10 March, 2023 * Stock is well placed above 20, 50, 100 and 200 daily SMA indicating positive momentum.. * The weekly strength indicator RSI is in bullish mode and weekly RSI crossover above its ref...
Weekly Tech Picks:Petronet LNG Ltd, Hindustan Aeronautics Ltd, Sterling & Wilson Renewable Energy Ltd, By Axis Securities
Weekly Tech Picks:Petronet LNG Ltd, Hindustan Aeronautics Ltd, Sterling & Wilson Renewable Energy Ltd, By Axis Securities
Source: Axis Securities Ltd
13/03/2023 10:32:55 AM
Buy Petronet LNG Ltd For Target Rs. 240 - Religare Broking Petronet LNG Ltd * Petronet has been consolidating in a broader range for the last four years * It has recently surpassed the hurdle of previous swing high with noticeable surge in volumes. * The chart pattern combined with the confirmation indicators are also pointing towards positive momentum to continue. * We thus suggest initiating fresh longs as per the mentioned levels.   Buy Petronet LNG Ltd @ BUY CMP 230.70; Range 226-228; SL222; Target ...
Buy Petronet LNG Ltd For Target Rs. 240 - Religare Broking
Buy Petronet LNG Ltd For Target Rs. 240 - Religare Broking
Source: Religare Broking Ltd
10/03/2023 10:17:08 AM
Buy Petronet LNG Ltd For Target Rs. 260 - Geojit Financial Services Margins boosted by cost optimization Petronet LNG Ltd., (“Petronet”) was formed by the Indian government to import liquefied natural gas (LNG) and set up LNG terminals in India. The company operates two regasification terminals, situated in Dahej (17.5 MMTPA installed capacity) and Kochi (5 MMTPA). * Petronet’s consolidated revenue grew 25.2% YoY to Rs. 15,776cr in Q3FY23, primarily due to higher realisation and recognition of Rs. 849cr ‘use or pay charges.&rsquo...
Buy Petronet LNG Ltd For Target Rs. 260 - Geojit Financial Services
Buy Petronet LNG Ltd For Target Rs. 260 - Geojit Financial Services
Source: Geojit Financial Services Ltd
8/03/2023 11:01:46 AM
Buy Mahindra and Mahindra Ltd For Target Rs. 1556 - Religare Broking High sales volume across segments backed by better product mix drove the growth   Record quarterly revenue led by strong volumes: M&M reported strong set of number with revenue at Rs 21,654 Cr, a significant growth of 41.1% YoY. The growth in revenue was driven by high demand for its new launches in SUV category while tractor category too witnessed robust demand. Amongst segments, Auto division revenue was reported at Rs 14,797 Cr, up by 53.3% YoY while Farm Equipment revenue w...
Buy Mahindra and Mahindra Ltd For Target Rs. 1556 - Religare Broking
Buy Mahindra and Mahindra Ltd For Target Rs. 1556 - Religare Broking
Source: Religare Broking
16/02/2023 1:55:47 PM
India's Petronet seeks more LNG under long-term Qatar deal Petronet LNG, India's top gas importer, will seek up to 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) when it renews its long-term deal with Qatar this year, the company's chief executive said on Tuesday. "We are seeking an additional 0.75 to 1 mtpa on top of existing 8.5 mtpa contact," Chief Executive A.K. Singh told reporters on the sidelines of the Indian Energy Week conference. Petronet, which is currently purchasing LNG from Qatar at $16 per mil...
India's Petronet seeks more LNG under long-term Qatar deal
India's Petronet seeks more LNG under long-term Qatar deal
Source: Reuters
7/02/2023 10:25:48 AM
Buy Petronet LNG Ltd For Target Rs.320 - Geojit Financial Services Margins boosted by cost optimization Petronet LNG Ltd., (“Petronet”) was formed by the Indian government to import liquefied natural gas (LNG) and set up LNG terminals in India. The company operates two regasification terminals, situated in Dahej (17.5 MMTPA installed capacity) and Kochi (5 MMTPA). * Petronet’s consolidated revenue grew 25.2% YoY to Rs. 15,776cr in Q3FY23, primarily due to higher realisation and recognition of Rs. 849cr ‘use or pay charges.&rsquo...
Buy Petronet LNG Ltd For Target Rs.320 - Geojit Financial Services
Buy Petronet LNG Ltd For Target Rs.320 - Geojit Financial Services
Source: Geojit Financial Services Ltd
3/02/2023 10:22:42 AM
Add Buy Petronet LNG Ltd For Target Rs.234 - Centrum Broking Ltd “Use/Pay” charges boosted profit, beat earnings. PLNG posted a gross profit of Rs19.2bn (+1% YoY and +34% QoQ), 40% above our estimates. Gross profit boosted mainly due “Use or Pay” charges of Rs8.5bn as operating income. Trading margins/inventory valuation gain of Rs250mn/Rs950mn supported gross profit. Total re-gas volume of 167tbtu (-20% YoY & -13% QoQ), 6% below our estimates. Dahej utilization declined to 69% vs 81% in Q3FY22 mainly due to fall in tolling v...
Add Buy Petronet LNG Ltd For Target Rs.234 - Centrum Broking Ltd
Add Buy Petronet LNG Ltd For Target Rs.234 - Centrum Broking Ltd
Source: Centrum Broking
24/01/2023 1:03:23 PM
Buy Petronet LNG Ltd For Target Rs.320 - Yes Securities Earnings miss estimates on low utilization Our view PLNG’s 3QFY23 reported operating profit at Rs 16.7bn (+20% YoY; +43% QoQ) stood ahead of our and street estimates on booking of Rs 8.5bn as ‘Use or Pay’ charges towards CY22, during the quarter. Adjusted for the same, the operating profit at Rs 8.3bn (-41%YoY; -30%) missed our and street estimates, due to lower than estimated utilization at Dahej terminal, as service cargoes declined sharply QoQ & YoY by ~39%. Ava...
Buy Petronet LNG Ltd For Target Rs.320 - Yes Securities
Buy Petronet LNG Ltd For Target Rs.320 - Yes Securities
Source: Yes Securities Ltd
23/01/2023 12:42:01 PM
India gas imports to rise on lower global prices - Petronet NEW DELHI - India's liquefied natural gas (LNG) imports are set to recover as global prices ease, the chief executive of the country's top gas importer Petronet LNG Ltd said.    Asian spot LNG prices have fallen due to mild weather in Europe and ample inventories, from an average of $30-$35 per million British thermal units (mmBtu) in the December quarter to around $17/mmBtus, A.K. Singh said.     India wants to raise the share of gas in its energy mix to...
India gas imports to rise on lower global prices - Petronet
India gas imports to rise on lower global prices - Petronet
Source: Reuters
21/01/2023 10:08:22 AM
Tech Stars : Buy Mahindra and Mahindra Ltd and Petronet LNG Ltd By Religare Broking Mahindra and Mahindra Ltd Buy Mahindra and Mahindra Ltd @ 1310-1320 CMP 1322.35 Stop Loss 1260 Target 1395   TECHNICAL RATIONALE – We have been seeing a mixed trend within the auto space and M&M looks set to resume the uptrend after spending nearly five months in a consolidation phase. The recent price action combined with surge in volumes in pointing towards a steady up move. We thus recommend creating fresh longs in the mentioned ran...
Tech Stars : Buy Mahindra and Mahindra Ltd and Petronet LNG Ltd By Religare Broking
Tech Stars : Buy Mahindra and Mahindra Ltd and Petronet LNG Ltd By Religare Broking
Source: Religare Broking Ltd
10/01/2023 11:39:49 AM
Add Petronet LNG Ltd For Target Rs.223 - Centrum Broking Trading gains offset impact of higher LNG prices PLNG  posted  gross  profit  of  Rs14.3bn  (?8%  YoY  but  +5%  QoQ),  10%  above  our estimates. Gross profit was boosted by super?normal trading margins of Rs2.7bn and inventory gains of Rs1.2bn. PLNG posted total re?gas volume of 192tbtu (?20% YoY & ? 8% QoQ), 4% above our estimates. Dahej terminal utilization declined to 81% vs 100% in...
Add Petronet LNG Ltd For Target Rs.223 - Centrum Broking
Add Petronet LNG Ltd For Target Rs.223 - Centrum Broking
Source: Centrum Broking Ltd
26/12/2022 3:46:18 PM
Hold Petronet LNG Ltd For Target Rs.210 - ICICI Securities Utilisation has bottomed out, recovery to be gradual though! We met the management of Petronet LNG (PLNG) (on December 16, 2022) to get a sense of the state of the business and its latest outlook. Presented below are key takeaways: * Volumes remain muted, TOP penalties can get triggered by the end of CY23E: Near-term volumes remain stressed, specifically with respect to third-party Regasification volumes which were based on spot LNG contracts. Of the 17.5mt capacity, 8.25+4mt or 12.25mt...
Hold Petronet LNG Ltd For Target Rs.210 - ICICI Securities
Hold Petronet LNG Ltd For Target Rs.210 - ICICI Securities
Source: ICICI Securities
26/12/2022 2:10:05 PM
Reduce Petronet LNG Ltd For Target Rs.186 - ICICI Securities Volume worries loom; capital allocation remains a key monitorable Petronet LNG (PLNG) has reported 14% YoY decline in EBITDA to Rs11.7bn (up 10% QoQ) and 10% YoY dip in net adjusted earnings to Rs7.4bn in Q2FY23, above our estimates of Rs9.4bn EBITDA and Rs5.8bn PAT. YoY earning decline was due to 19% YoY decline in Dahej volumes and higher opex of 57% YoY, even though both came above our estimates. Reported PAT of Rs7.4bn was, however, helped by Rs0.08bn incremental inventory gain YoY (to...
Reduce Petronet LNG Ltd For Target Rs.186 - ICICI Securities
Reduce Petronet LNG Ltd For Target Rs.186 - ICICI Securities
Source: ICICI Securities Ltd
9/12/2022 12:16:11 PM
Hold Petronet LNG Ltd For Target Rs.215 - ICICI Direct   Better margins drive profitability… About the stock: Petronet LNG, a JV between leading PSU oil companies, is involved in LNG import and regasification. * The company operates two LNG terminals at Dahej and Kochi * Total nameplate capacity of the company is 22.5 MMTPA Q2FY23 Results: Petronet LNG’s Q2FY23 earnings were better than estimates on all fronts * Revenue increased 47.8% YoY to | 15985.7 crore (our estimate: | 13221.3 crore) * Total volume at ...
Hold Petronet LNG Ltd For Target Rs.215 - ICICI Direct
Hold Petronet LNG Ltd For Target Rs.215 - ICICI Direct
Source: ICICI Direct Ltd
25/11/2022 1:03:34 PM
Buy Petronet LNG Ltd For Target Rs.297 - Motilal Oswal Financial Services Volumes dip but outlook remains intact * Petronet LNG (PLNG) reported a beat on our EBITDA despite lower volumes due to trading gains of INR2.7b during the quarter. * Dahej utilization stood at 82% while utilization at Kochi was at 16%, hurt by lower off-take amidst high LNG price. * Spot LNG price has come down to ~USD25/mmBtu and is expected to soften further in 4QFY23, which should lead to improvement in utilization rates during 2HFY23. Utilizations are likely to remain muted in t...
Buy Petronet LNG Ltd For Target Rs.297 - Motilal Oswal Financial Services
Buy Petronet LNG Ltd For Target Rs.297 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
17/11/2022 11:22:04 AM
Buy Petronet LNG Ltd For Target Rs.320 - Centrum Broking  Trading gains offset impact of higher LNG prices  PLNG  posted  gross  profit  of  Rs14.3bn  (?8%  YoY  but  +5%  QoQ),  10%  above  our estimates. Gross profit was boosted by super?normal trading margins of Rs2.7bn and inventory gains of Rs1.2bn. PLNG posted total re?gas volume of&...
Buy Petronet LNG Ltd For Target Rs.320 - Centrum Broking
Buy Petronet LNG Ltd For Target Rs.320 - Centrum Broking
Source: Centrum Broking
15/11/2022 11:12:15 AM
Buy Petronet LNG Ltd For Target Rs.320 - Yes Securities Weaker demand sentiment impacts utilization    Our view PLNG’s 2QFY23 reported operating profit at Rs 11.7bn (?10% YoY; +10% QoQ) stood ahead of our and street estimates, primarily on higher gas trading gains. PLNG reported a gas trading gain of Rs 2730mn (1Q: Rs 1030mn), stemming from operational efficiency, as it shifted its energy consumption to grid power, from expensive LNG, which in?turn was traded. However, depreciation in INR also resulted in 980mn of forex ...
Buy Petronet LNG Ltd For Target Rs.320 - Yes Securities
Buy Petronet LNG Ltd For Target Rs.320 - Yes Securities
Source: Yes Securities Ltd
14/11/2022 10:35:13 AM
India faces LNG glut as high prices worry customers - Media India is facing a glut of liquefied natural gas (LNG) as industrial gas customers are buying less from LNG terminals due to high prices and are rushing to alternatives, Bloomberg News reported on Thursday, citing traders with knowledge of the matter. Storage tanks at Dahej and Hazira LNG import terminals in India are near maximum capacity, which means scheduled deliveries may need to be delayed, according to the report.
India faces LNG glut as high prices worry customers - Media
India faces LNG glut as high prices worry customers - Media
Source: Reuters
10/11/2022 2:33:39 PM
Buy Petronet LNG Ltd For Target Rs.215- ICICI Direct Offtake outlook remains muted About the stock: Petronet LNG, a JV between leading PSU oil companies, is involved in LNG import and regasification. * The company operates two LNG terminals at Dahej and Kochi * Total nameplate capacity of the company is 22.5 MMTPA Q1FY23 Results: Petronet LNG’s Q1FY23 earnings were better than estimates on account of higher blended margin. * Revenue increased 65.9% YoY to | 14263.8 crore (our estimate: | 13406.4 crore) * Total volume at ...
Buy Petronet LNG Ltd For Target Rs.215- ICICI Direct
Buy Petronet LNG Ltd For Target Rs.215- ICICI Direct
Source: ICICI Direct Ltd
14/09/2022 2:39:38 PM
Buy Petronet LNG Ltd For Target Rs.320- Yes Securities Improvement in utilization offset by forex loss Our view PLNG’s 1QFY23 reported operating profit at Rs 10.6bn (+1% YoY; -16% QoQ), stood below our estimates and street estimates primarily on a) Rs 1240 mn booked as notional forex loss on depreciation in INR and b) lower gas trading volume of 1 tbtu, the same was partially offset by higher other income and higher than estimated gas trading margin of USD 3.2/mmbtu (YES est), while total LNG throughput stood in-line. The terminal uti...
Buy Petronet LNG Ltd For Target Rs.320- Yes Securities
Buy Petronet LNG Ltd For Target Rs.320- Yes Securities
Source: Yes Securities Ltd
23/08/2022 11:32:18 AM
PetronetLNG Q1 net profit up 10.26% at Rs 700.90 cr The company reported standalone net profit of Rs 700.90 crore for the quarter ended June 30, 2022 as compared to Rs 635.67 crore in the same period last year, registering a year-on-year growth of 10.26 per cent. Net revenue of the company rose substantially by 65.90 per cent at Rs 14,263.82 crore in April-June quarter of this fiscal as against Rs 8,597.90 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 74.97 per cent to Rs 13,199.43 cror...
PetronetLNG Q1 net profit up 10.26% at Rs 700.90 cr
PetronetLNG Q1 net profit up 10.26% at Rs 700.90 cr
Source: Dion Global Solutions Ltd
5/08/2022 5:20:59 PM
Buy Petronet LNG Ltd For Target Rs.300 - Motilal Oswal Volumes hit, but outlook remains intact * PLNG reported a beat in absolute terms, even as operational numbers were below our 4QFY22 estimates. Throughput at Dahej stood at 80%, with a utilization of ~19% at Kochi. * The company recorded ‘use or pay charges’ of INR832m in 4QFY22. It has been given a credit note of INR1,781m with respect to lower regasification tariff for the Kochi terminal with its customers. Since the latter have now committed additional volumes, the tariff ...
Buy Petronet LNG Ltd For Target Rs.300 - Motilal Oswal
Buy Petronet LNG Ltd For Target Rs.300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/05/2022 11:05:42 AM
Petronet LNG falls despite reporting 24% rise in Q4 consolidated net profit Petronet LNG is currently trading at Rs. 209.60, down by 3.60 points or 1.69% from its previous closing of Rs. 213.20 on the BSE. The scrip opened at Rs. 205.00 and has touched a high and low of Rs. 212.75 and Rs. 203.65 respectively. So far 172738 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 252.10 on 08-Jun-2021 and a 52 week low of Rs. 190.30 on 24-Feb-2022. Last one week high and low of the scrip stood a...
Petronet LNG falls despite reporting 24% rise in Q4 consolidated net profit
Petronet LNG falls despite reporting 24% rise in Q4 consolidated net profit
Source: Accord Fintech
12/05/2022 12:04:39 PM
Mid Cap : Buy Petronet LNG Ltd For Target Rs.254 - Geojit Financial Strong performance; Outlook positive Petronet LNG was formed by the Indian government to import liquefied natural gas (LNG) and set up LNG terminals in India. The company operates two regasification terminals situated in Dahej (17.5 MMTPA installed capacity) and Kochi (5 MMTPA). * Consolidated revenue up 16.5% QoQ (+71.9% YoY) in Q3FY22, driven by higher prices and volume growth. * EBITDA rose 33.6% QoQto Rs. 1,732cr (+29.7% YoY), as EBITDA margin expanded 170bps QoQ to 13.7% (-...
Mid Cap : Buy Petronet LNG Ltd For Target Rs.254 - Geojit Financial
Mid Cap : Buy Petronet LNG Ltd For Target Rs.254 - Geojit Financial
Source: Geojit Financial Services Ltd
16/02/2022 11:36:36 AM
Hold Petronet LNG Ltd For Target Rs. 220 - ICICI Direct One-off drives margins; volume pick-up awaited… About the stock: Petronet LNG, a JV between leading PSU oil companies, is involved in LNG import and regasification. * The company operates two LNG terminals at Dahej and Kochi * Total nameplate capacity of the company is 22.5 MMTPA   Q3FY22 Results: Petronet LNG’s Q3FY22 results were better than estimates. * Revenue was up 71.9% YoY to | 12597.2 crore (our estimate: | 11403.3 crore). Total volume wa...
Hold Petronet LNG Ltd For Target Rs. 220 - ICICI Direct
Hold Petronet LNG Ltd For Target Rs. 220 - ICICI Direct
Source: ICICI Direct
15/02/2022 11:15:39 AM
Petronet LNG gains on the BSE Petronet LNG is currently trading at Rs. 223.00, up by 3.40 points or 1.55% from its previous closing of Rs. 219.60 on the BSE. The scrip opened at Rs. 219.60 and has touched a high and low of Rs. 224.25 and Rs. 217.40 respectively. So far 160360 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 260.90 on 25-Feb-2021 and a 52 week low of Rs. 206.70 on 25-Jan-2022. Last one week high and low of the scrip stood at ...
Petronet LNG gains on the BSE
Petronet LNG gains on the BSE
Source: Accord Fintech
11/02/2022 12:27:20 PM
Buy Petronet LNG Ltd For Target Rs 300 - Motilal Oswal Turnaround in throughput; full-year outlook intact * Petronet LNG (PLNG) reported a beat on our estimates, led by higher-thanestimated throughput (Dahej back at >100% at 102%, after being subdued for the last three quarters, with Kochi utilization robust at ~24%). * The company expects spot LNG prices to cool off post the winter season. Currently, huge demand is seen from China and Japan, with supply constraints resulting in a spike in spot LNG prices. * Despite the immediate...
Buy Petronet LNG Ltd For Target Rs 300 - Motilal Oswal
Buy Petronet LNG Ltd For Target Rs 300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/12/2021 12:06:45 PM
Hold Petronet LNG Ltd For Target Rs.231 - ICICI Securities Fundamentals to worsen; capital allocation key Petronet LNG’s (PLNG) Q2FY22 EPS was down 6% YoY hit by fall in Dahej volumes and other income. Dahej Q2 annualised volumes were higher vs guided for FY22E, but Q3-Q4 volumes are likely to be lower than in Q2 due to sharply higher H2 spot LNG price. Raising FY22-FY23E Dahej volume to factor guidance and FY22E Dahej regas charge has led to upgrade in FY22-FY23E EPS by 13-3%. We raise target price by 8% to Rs231 mainly on upgrade in long t...
Hold Petronet LNG Ltd For Target Rs.231 - ICICI Securities
Hold Petronet LNG Ltd For Target Rs.231 - ICICI Securities
Source: ICICI Securities Ltd
18/12/2021 9:51:20 AM
Hold Petronet LNG Ltd For Target Rs.245 - ICICI Direct Muted volume outlook… About the stock: Petronet LNG, a JV between leading PSU oil companies, is involved in LNG import and regasification. * The company operates two LNG terminals at Dahej and Kochi * Total nameplate capacity of the company is 22.5 MMTPA   Q2FY22 Results: Petronet LNG’s Q2FY22 results were better than estimates. * Revenue was up 73.4% YoY to | 10813.1 crore (our estimate: | 9999.2 crore). Total volume was 240 tbtu, above estimate of 228.7 m...
Hold Petronet LNG Ltd For Target Rs.245 - ICICI Direct
Hold Petronet LNG Ltd For Target Rs.245 - ICICI Direct
Source: ICICI Direct
17/12/2021 10:20:20 AM
Buy Petronet LNG Ltd For Target Rs.275 - Emkay Global Volumes above expectation; valuation attractive * PLNG’s standalone adj. Q2FY22 EBITDA/APAT of Rs13.6bn/Rs8.72bn beat our estimates by 20%/24% (flat/down 6% yoy; up 29%/37% qoq). EBITDA was higher due to an 8%/11% beat in volumes/margins, driven by gross spreads. * The Dahej terminal operated at 101% capacity (vs. 93% est). Dahej imports were supported by an 18% qoq jump in tolling volumes at 117tbtu. Long-term volumes also rose 15% qoq to 102tbtu. Kochi utilization was 23% (vs. 2...
Buy Petronet LNG Ltd For Target Rs.275 - Emkay Global
Buy Petronet LNG Ltd For Target Rs.275 - Emkay Global
Source: Emkay Global Financial Services Ltd
16/11/2021 12:58:24 PM
Petronet LNG trades in red on reporting 11% fall in Q2 consolidated net profit Petronet LNG is currently trading at Rs. 234.60, down by 1.00 points or 0.42% from its previous closing of Rs. 235.60 on the BSE. The scrip opened at Rs. 236.80 and has touched a high and low of Rs. 238.80 and Rs. 233.80 respectively. So far 139922 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.25 on 12-Jan-2021 and a 52 week low of Rs. 211.50 on 11-Aug-2021. Last one week high and low of the scrip stood a...
Petronet LNG trades in red on reporting 11% fall in Q2 consolidated net profit
Petronet LNG trades in red on reporting 11% fall in Q2 consolidated net profit
Source: Accord Fintech
10/11/2021 11:36:55 AM
BPCL could cost acquirer Rs 20K cr more as SEBI open offer exemption for IGL, PLL unlikely The privatisation plan of public sector oil refiner Bharat Petroleum Corporation Ltd may get expensive for the investors as the new owners are unlikely to get regulatory exemption to participate in open offer of two other entities - Petronet LNG Ltd (PLL) and Indraprastha Gas Ltd (IGL). Sources privy to the development said that market regulator Securities and Exchange Board of India (SEBI) is not in favour of giving exemption to the BPCL from making open offer in the PLL and the IGL where...
BPCL could cost acquirer Rs 20K cr more as SEBI open offer exemption for IGL, PLL unlikely
BPCL could cost acquirer Rs 20K cr more as SEBI open offer exemption for IGL, PLL unlikely
Source: IANS
8/10/2021 9:16:30 AM
Buy Petronet LNG Ltd For Target Rs.310 - Motilal Oswal Volumes in-line; Dahej to recover * Petronet LNG (PLNG)’s numbers were in line with our estimates, with volumes at 209tbtu and utilization rates at Dahej/Kochi at 88%/24% in 1QFY22. * Kochi was largely unaffected, while Dahej was impacted by the second COVID wave. The management expects the utilization rate at Kochi to be ramped up by ~30% by end-FY22. On the other hand, Dahej would continue to operate at over 95% owing to tied-up contracts (16.5mmtpa of 17.5mmtpa). * We remain...
Buy Petronet LNG Ltd For Target Rs.310 - Motilal Oswal
Buy Petronet LNG Ltd For Target Rs.310 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2/10/2021 11:13:08 AM
Buy Petronet LNG Ltd For Target Rs.310 - Motilal Oswal Management’s lucidity on the new businesses * We interacted with the management of Petronet LNG on aspects such as the current business status and outlook. In addition, we had a detailed discussion on the various prospects for business diversification in the recently published FY21 Annual Report. * The management highlighted that spot prices have risen to abnormal levels of USD24–25/mmbtu (i.e., 2x that of long-term contracts) on account of huge demand from China, Japan, an...
Buy Petronet LNG Ltd For Target Rs.310 - Motilal Oswal
Buy Petronet LNG Ltd For Target Rs.310 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
25/09/2021 10:14:31 AM
Petronet LNG to foray into petrochemical business State-run Petronet LNG Ltd plans to diversify its business and enter the petrochemical segment. Tarun Kapoor, Secretary, Ministry of Petroleum & Natural Gas, who is also the Chairman of the company said in its annual report that the Petronet is embarking upon a major diversification drive to broad base its business activity and is exploring to have an ethane or propane import facility at Dahej Terminal. "The company has also planned for setting up of a Petrochemical complex bas...
Petronet LNG to foray into petrochemical business
Petronet LNG to foray into petrochemical business
Source: IANS
12/09/2021 2:44:32 PM
Buy Petronet LNG Ltd : Earnings slightly above estimates; valuations attractive - Emkay Global Buy Petronet LNG Ltd For Target Rs.270 * Q1FY22 standalone EBITDA/PAT were down 3%/up 2% qoq (up 16%/22% yoy) at Rs10.5bn/Rs6.36bn, beating our estimates by 4%/7% on account of a 2% beat each in volumes and margins, and lower-than-expected depreciation. * The Dahej terminal operated at 88% capacity (vs. 85% est). Long-term volume fell 13% qoq but tolling was steady (up 2%). Kochi utilization was 24% (vs. 27% est). PLNG’s total volumes were down 4% qoq at 209tbtu (or 4.1mmt and up ...
Buy Petronet LNG Ltd : Earnings slightly above estimates; valuations attractive - Emkay Global
Buy Petronet LNG Ltd : Earnings slightly above estimates; valuations attractive - Emkay Global
Source: Emkay Global Financial Services Ltd
25/08/2021 9:32:05 AM
Add Petronet LNG Ltd For Target Rs.245 - Centrum Broking Subdued start to FY22; limited triggers ahead PLNG’s adjusted EBITDA/PAT grew 16/22% YoY to Rs10.5bn/Rs6.36bn, below our estimates of Rs11.26bn/Rs6.8bn, with a miss on both volumes and margins. Volumes were 209tbtu (+10% YoY, -4% QoQ), well below our estimate of 220tbtu. Volumes at Dahej grew 7% YoY but declined 5% QoQ to 194tbtu (well below our estimate of 206tbtu), implying utilization of 87% in Q1; while regas volumes were 99tbtu (-1% YoY, +2% QoQ; CenE: 96tbtu), long-term volumes...
Add Petronet LNG Ltd For Target Rs.245 - Centrum Broking
Add Petronet LNG Ltd For Target Rs.245 - Centrum Broking
Source: Centrum Broking Ltd
17/08/2021 2:09:22 PM
Buy Petronet LNG Ltd For Target Rs.350 - Yes Securities 1Q sequentially weaker but prognosis better Result Highlights‐ miss on estimates on weaker throughput   * 1QFY22 Profitability: The PAT stood at Rs 6.36bn (+22% YoY; +2% QoQ) and the operating profit (EBITDA) stood at Rs 10.5bn (+16% YoY;  ‐3% QoQ). The profitability was sequentially lower on 4% QoQ lower throughput as Covid  ‐2nd wave and high spot LNG prices weighed on demand.   * LNG throughput: The total throughput at 209tbtu stood 10% higher Yo...
Buy Petronet LNG Ltd For Target Rs.350 - Yes Securities
Buy Petronet LNG Ltd For Target Rs.350 - Yes Securities
Source: Yes Securities Ltd
17/08/2021 9:44:59 AM
MTF Stock Pick Buy Petronet LNG Ltd For Target Rs. 245 - HDFC Securities MTF Stock Pick Buy Petronet LNG Ltd For Target Rs. 245 - HDFC Securities  TECHNICAL OBSERVATIONS * PETRONET is trying to bounce back from the support. * Stock has been forming a triangle and end it is trying to completing the “wave e” of the triangle. * RSI is showing positive sign and yet to move up in coming days. * Stock price could move up towards 260 and higher levels. * We could keep the targets little lower to 235 and 245 leve...
MTF Stock Pick Buy Petronet LNG Ltd For Target Rs. 245 - HDFC Securities
MTF Stock Pick Buy Petronet LNG Ltd For Target Rs. 245 - HDFC Securities
Source: HDFC Securities Ltd
30/07/2021 2:58:29 PM
Reduce Petronet LNG Ltd For Target Rs. 213 - ICICI Securities Likely large capex adds to concerns Petronet LNG’s (PLNG) Q4 and FY21 consolidated EPS was up 71-27% YoY, driven by jump in Dahej regas charge. Dahej utilisation was the lowest in three quarters at 93% in Q4 (97% in FY21) hit by spot LNG surge in Jan’21. We have cut FY22E Dahej and Kochi utilisation to factor the impact from covid, high spot LNG price and rise in domestic gas output. We are assuming flat Kochi regas charge in FY22E; offtakers want it to be cut by 35% to same le...
Reduce Petronet LNG Ltd For Target Rs. 213 - ICICI Securities
Reduce Petronet LNG Ltd For Target Rs. 213 - ICICI Securities
Source: ICICI Securities
9/07/2021 11:11:39 AM
Hold Petronet LNG Ltd For Target Rs.250 - ICICI Direct In line performance... Petronet LNG reported Q4FY21 results that were in line with estimates on the operating front. However, profitability was lower-than-expected on account of other income. Total volumes were flattish YoY, down 7.2% QoQ to 218 tbtu. Revenues were down 11.6% YoY to | 7575.3 crore (estimated: | 7920.2 crore). EBITDA was at | 1091.1 crore, up 56.4% YoY (our estimate: | 1107.7 crore). Blended margins were at | 59.3/mmbtu in line with estimates. Other income at | 49.2 cror...
Hold Petronet LNG Ltd For Target Rs.250 - ICICI Direct
Hold Petronet LNG Ltd For Target Rs.250 - ICICI Direct
Source: ICICI Direct
29/06/2021 10:49:43 AM