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Stock of the day : Petronet LNG Ltd For Target Rs. 352 - Religare Broking Petronet LNG Ltd * Decent traction is seen in PETRONET; day price action reflects a rigid bounce from 100 DEMA, and additional follow-on is seen. * Recently, stock is continuously trading above its support trend line, and also a breakout above the resistance trend line is witnessed. * Post breakout, the stock sustained the levels, keeping the bullish setup intact. * Traders are recommended to accumulate the stock for further upside towards 352 as the first target. Buy ...
Stock of the day : Petronet LNG Ltd For Target Rs. 352 - Religare Broking
Stock of the day : Petronet LNG Ltd For Target Rs. 352 - Religare Broking
Source: Religare Broking Ltd
2024-12-24 10:54:21 am
Stock of the day : Petronet LNG Ltd For Target Rs. 355 - Religare Broking Petronet LNG Ltd * Day's price action in PETRONET demonstrates a breakout above its falling channel. * The stock, for an instance, consolidated around the 100 EMA and has created a base at the 200 DEMA, bouncing back from the same. * Recommendation: We maintain a short-term buy on PETRONET with pre-emptive momentum to gain post-breakout. * Traders are recommended to accumulate the stock maintaining 355 level as the first target.   Buy Petronet LNG Ltd ...
Stock of the day : Petronet LNG Ltd For Target Rs. 355 - Religare Broking
Stock of the day : Petronet LNG Ltd For Target Rs. 355 - Religare Broking
Source: Religare Broking Ltd
2024-12-12 10:42:46 am
Stock of the day : Petronet LNG Ltd For Target Rs. 365 - Religare Broking Petronet LNG Ltd * PETRONET days price action suggests volume delta with positive rebound. * Stock has given a breakout from its falling trend line and 100 DEMA. * Demonstrates stronger charts comparatively from its peers, bouncing back from 200DEMA. * Recommendation: We maintain momentum buy keeping supports at 100 DEMA. * Traders are recommended to accumulate for momentum upside towards 365 zones. Buy Petronet LNG Ltd CMP 333.10 Range 332-336&n...
Stock of the day : Petronet LNG Ltd For Target Rs. 365 - Religare Broking
Stock of the day : Petronet LNG Ltd For Target Rs. 365 - Religare Broking
Source: Religare Broking Ltd
2024-12-03 11:07:34 am
Neutral Petronet LNG Ltd For Target Rs. 385 By Motilal Oswal Financial Services Ltd Dahej expansion, Kochi connectivity medium-term catalysts * Petronet LNG (PLNG) 2QFY25 EBITDA came in 9% below our estimates at INR12b. Dahej utilization was down 9pp QoQ at 102%, while Kochi utilization stood at 22% (flat QoQ). Reported PAT at INR8.5b was in line with our estimate. In 2Q, the company booked additional provisions worth INR1.1b related to use-or-pay (UoP) charges. * The Dahej terminal expansion from 17.5mmt to 22.5mmt is expected to be completed by Mar’25, after wh...
Neutral Petronet LNG Ltd For Target Rs. 385 By Motilal Oswal Financial Services Ltd
Neutral Petronet LNG Ltd For Target Rs. 385 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-10-25 04:11:14 pm
Buy Petronet LNG Ltd For Target Rs. 425 By Emkay Global Financial Services We upgrade PLNG to BUY from Add and raise our TP by 16% to Rs425/sh. We reiterate our positive view on the back of a steady outlook and attractive valuation. While the high Dahej utilization of Q1, driven by the power sector has cooled-off, we believe ~100% utilization is achievable for remainder of the fiscal. The commencement and ramp up of Exxon’s second 1.2mmtpa term contract with higher Kochi tariff in FY26-27, leads to our EPS increasing 7-9% for that period. PLNG’s tariff o...
Buy Petronet LNG Ltd For Target Rs. 425 By Emkay Global Financial Services
Buy Petronet LNG Ltd For Target Rs. 425 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-10-03 05:50:58 pm
Petronet LNG inches up on inking MoU with LTL Holdings Petronet LNG is currently trading at Rs. 378.70, up by 0.30 points or 0.08% from its previous closing of Rs. 378.40 on the BSE. The scrip opened at Rs. 384.90 and has touched a high and low of Rs. 384.90 and Rs. 378.70 respectively. So far 70598 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.90 on 21-Aug-2024 and a 52 week low of Rs. 191.65 on 10-Nov-2023. Last one week high and low of the scrip stood at R...
Petronet LNG inches up on inking MoU with LTL Holdings
Petronet LNG inches up on inking MoU with LTL Holdings
Source: Accord Fintech
2024-08-21 10:24:10 am
Accumulate Petronet LNG Ltd For Target Rs.397 By Geojit Financial Services Ltd Excellent results on double-digit volume growth Petronet LNG Ltd (Petronet) is a public sector company that imports liquefied natural gas (LNG) and establishes LNG terminals in India. It operates one regasification terminal each in Dahej (17.5 MMTPA installed capacity) and Kochi (5 MMTPA). * In Q1FY25, the consolidated revenue grew by 15.1% YoY to Rs. 13,415cr, supported by robust volume growth. * EBITDA rose 32.2% YoY and the margin widened 150bps YoY to 11.6%, due to stro...
Accumulate Petronet LNG Ltd For Target Rs.397 By Geojit Financial Services Ltd
Accumulate Petronet LNG Ltd For Target Rs.397 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-07 12:02:34 pm
Reduce Petronet LNG Ltd For Target Rs.325 By Yes Securities Our View  Petronet LNG's Q1FY25 revealed a stronger performance with an EBITDA and PAT which experienced a growth of 32.3% and 44.5% YoY. The volumes in Q1 saw a commendable 13.9% YoY increase at 262tbtu. Dahej terminal continued to play a crucial role in India's LNG imports, accounting for about ~89% of the total and having ~110% Dahej terminal utilization. The company has provisioned Rs 1.3bn of Use-orPay (UoP) charges as a matter of accounting prudence during Q1FY25. We mai...
Reduce Petronet LNG Ltd For Target Rs.325 By Yes Securities
Reduce Petronet LNG Ltd For Target Rs.325 By Yes Securities
Source: Yes Securities Ltd
2024-08-03 12:19:49 pm
Stock of the day : Petronet LNG Ltd For Target Rs. 331 - Religare Broking Ltd Petronet LNG Ltd * PETRONET has been in a strong uptrend from last many weeks and currently trading around the record high levels. * The stock has been forming base on base pattern holding above its short term moving average suggests momentum in place. * Following price action and bullish signal in the momentum indicator, price looks set to resume its prior trend. * Traders can consider fresh longs in the mentioned range. Buy Petronet LNG Ltd CMP 315.25 Range ...
Stock of the day : Petronet LNG Ltd For Target Rs. 331 - Religare Broking Ltd
Stock of the day : Petronet LNG Ltd For Target Rs. 331 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-06-12 10:14:10 am
Stock Picks : Petronet LNG Ltd And Power Grid Corporation of India Ltd By ICICI Direct Petronet LNG Ltd.   Buy Petronet LNG Ltd. @310-311 Target 314.20 Stop Loss 308.90   Power Grid Corporation of India Ltd Buy Power Grid Corporation of India Ltd. @301-302 Target 305.40 Stop Loss 299.30   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Petronet LNG Ltd And Power Grid Corporation of India Ltd By ICICI Direct
Stock Picks : Petronet LNG Ltd And Power Grid Corporation of India Ltd By ICICI Direct
Source: ICICI Direct
2024-05-02 11:11:01 am
Sell Petronet LNG Ltd For Target Rs. 229 - Yes Securities Our View Petronet LNG's Q3FY24 revealed a mixed performance with a 10.4% YoY drop in adjusted revenue, while re-gasified volumes saw a commendable 39% YoY increase. However, EBITDA and PAT experienced declines of 35% and 37% YoY. Dahej terminal played a crucial role in India's LNG imports, accounting for about 86.1% of the total and having ~98% Dahej terminal utilization. Despite this notable increase, the adjusted gross margin has seen a reduction. The higher expenses and the pro...
Sell Petronet LNG Ltd For Target Rs. 229 - Yes Securities
Sell Petronet LNG Ltd For Target Rs. 229 - Yes Securities
Source: Yes Securities Ltd.
2024-04-30 11:46:15 am
Buy Petronet LNG Ltd. For Target Rs.: 300 - Emkay Global For Q3FY24, PLNG reported adj. EBITDA of Rs13.2bn, a 13% beat, led by betterthan-expected spot margins. PLNG booked Rs6.1bn of take or pay for CY23 and provisioned Rs2.3bn w.r.t. CY21-22. The board has approved recovery of the same and PLNG has sought BGs from offtakers, besides asking shortfall volumes to be met through excess offtake within three years. Dahej/Kochi terminal utilization was slightly higher than expected at 97%/22%. PLNG’s APAT stood at Rs9.1bn, up 11% QoQ and a 14% bea...
Buy Petronet LNG Ltd. For Target Rs.: 300 - Emkay Global
Buy Petronet LNG Ltd. For Target Rs.: 300 - Emkay Global
Source: Emkay Global
2024-04-30 11:33:59 am
Buy Petronet LNG Ltd For Target Rs. 295 - Motilal Oswal Financial Services Performance below expectations despite strong utilization * Petronet LNG (PLNG) recorded lower-than-est. adj. EBITDA (ex of use or pay charges) of INR11b (our est. of INR12.5b) during the quarter. There was a sharp rise in ‘other expenses’ as the company allocated funds (amounting to INR2.3b) for certain provisions related to UoP in 3Q. Dahej utilization increased to 99% (vs. 70% in 3QFY23), while utilization at Kochi stood at 22% (up 160bp YoY). * Management highlighted tha...
Buy Petronet LNG Ltd For Target Rs. 295 - Motilal Oswal Financial Services
Buy Petronet LNG Ltd For Target Rs. 295 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-04-29 01:00:52 pm
Sell Petronet LNG Ltd For Target Rs.229 - Yes Securities In line volumes, use or pay one off income drives the reported profitability Our View Petronet LNG's Q3FY24 revealed a mixed performance with a 10.4% YoY drop in adjusted revenue, while re-gasified volumes saw a commendable 39% YoY increase. However, EBITDA and PAT experienced declines of 35% and 37% YoY. Dahej terminal played a crucial role in India's LNG imports, accounting for about 86.1% of the total and having ~98% Dahej terminal utilization. Despite this notable increase,...
Sell Petronet LNG Ltd For Target Rs.229 - Yes Securities
Sell Petronet LNG Ltd For Target Rs.229 - Yes Securities
Source: Yes Securities Ltd.
2024-04-27 10:52:30 am
Stock Picks : Coal India Ltd And Petronet LNG Ltd By ICICI Direct Coal India Ltd Buy Coal India Ltd @451.50-452.50 Target 457.00 Stop Loss 449.30   Petronet LNG Ltd Buy Petronet LNG Ltd @301.50-302.50 Target 305.80 Stop Loss 299.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Coal India Ltd And Petronet LNG Ltd By ICICI Direct
Stock Picks : Coal India Ltd And Petronet LNG Ltd By ICICI Direct
Source: ICICI Direct
2024-04-26 10:46:38 am
Stock Picks : National Aluminium Ltd And Petronet LNG Ltd By ICICI Direct National Aluminium Ltd Buy National Aluminium Ltd @187-188 Target 189.80 Stop Loss 186.20   Petronet LNG Ltd  Buy Petronet LNG Ltd @297-298 Target 301.00 Stop Loss 295.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : National Aluminium Ltd And Petronet LNG Ltd By ICICI Direct
Stock Picks : National Aluminium Ltd And Petronet LNG Ltd By ICICI Direct
Source: ICICI Direct
2024-04-25 10:30:16 am
Stock of the day : Petronet LNG Ltd For Target Rs.305 - Religare Broking Petronet LNG Ltd  * PETRONET is trading sideways in a range after registering a breakout from the long corrective phase. * The stock is consolidating above its short term moving average and 38.2 retracement line highlights inherent strength. * Following price pattern and volumes activity, stock is expected to register a fresh breakout from the range and scale higher. * We thus recommend creating fresh longs in the mentioned range. Buy Petronet ...
Stock of the day : Petronet LNG Ltd For Target Rs.305 - Religare Broking
Stock of the day : Petronet LNG Ltd For Target Rs.305 - Religare Broking
Source: Religare Broking
2024-04-10 11:52:19 am
Stock of the day : Petronet LNG Ltd For Target Rs.292 - Religare Broking Petronet LNG Ltd  Buy Petronet LNG Ltd. CMP 272.80 Range 271-273 SL 265; Target 292     Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330
Stock of the day : Petronet LNG Ltd For Target Rs.292 - Religare Broking
Stock of the day : Petronet LNG Ltd For Target Rs.292 - Religare Broking
Source: Religare Broking
2024-04-03 10:36:54 am
Stock Picks : Adani ports and Special Economic Zone Ltd And Petronet LNG Ltd By ICICI Direct Adani ports & Special Economic Zone Ltd Buy Adani ports & Special Economic Zone Ltd @ 1299-1301 Target 1318.00 Stop Loss 1290.80   Petronet LNG Ltd  Buy Petronet LNG Ltd @ 263.80-264.40 Target 267.20 Stop Loss 262.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ...
Stock Picks : Adani ports and Special Economic Zone Ltd And Petronet LNG Ltd By ICICI Direct
Stock Picks : Adani ports and Special Economic Zone Ltd And Petronet LNG Ltd By ICICI Direct
Source: ICICI Direct
2024-03-27 11:26:23 am
Reduce Petronet LNG Ltd For Target Rs.260 - Elara capital Volume normalizes with LNG price drop Q3FY24 EBITDA up 2% YoY and 40% QoQ Petronet LNG’s (PLNG IN) Q3 EBITDA/PAT was INR 17.1bn/INR 11.9bn, higher than INR 12.6bn/INR 8.7bn estimated, due to recognition of INR 6.1bn income towards use-or-pay (UoP) for customers, for CY23. Q3 EBITDA/PAT rose 40%/45% QoQ but were flat YoY. PLNG reaching agreement with customers on dues recovery PLNG recognized UoP charges of INR 4.3bn in FY22, INR 8.5bn in FY23 and INR 6.1bn in FY24, for lower...
Reduce Petronet LNG Ltd For Target Rs.260 - Elara capital
Reduce Petronet LNG Ltd For Target Rs.260 - Elara capital
Source: Elara Capital
2024-02-21 03:43:27 pm
India`s Petronet to begin shipping LNG to Sri Lanka in 2025 India's state-run Petronet LNG plans to begin supplying liquefied natural gas (LNG) to neighbouring Sri Lanka for five years starting in 2025, its chief executive said on Thursday. Petronet will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each, CEO Akshay Kumar Singh said during the India Energy Week event in Goa. The project will supply two gas-fired power plants in Sri Lanka, which has suffered from crippling power blackouts and fuel shortage...
India`s Petronet to begin shipping LNG to Sri Lanka in 2025
India`s Petronet to begin shipping LNG to Sri Lanka in 2025
Source: Reuters
2024-02-08 04:36:37 pm
BPCL shines after its joint venture renews 20-year partnership with Qatar Energy Bharat Petroleum Corporation is currently trading at Rs. 630.55, up by 29.00 points or 4.82% from its previous closing of Rs. 601.55 on the BSE. The scrip opened at Rs. 609.85 and has touched a high and low of Rs. 635.00 and Rs. 606.45 respectively. So far 484386 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 635.00 on 08-Feb-2024 and a 52 week low of Rs. 314.10 on 28-Feb-2023. Last one week high and low of th...
BPCL shines after its joint venture renews 20-year partnership with Qatar Energy
BPCL shines after its joint venture renews 20-year partnership with Qatar Energy
Source: Accord Fintech
2024-02-08 03:03:56 pm
India`s Petronet to sign LNG deal with Qatar for supplies beyond 2028  India's Petronet LNG will be signing on Tuesday a deal with Qatar for 7.5 million metric tons per year of LNG supplies beyond 2028, industry sources said. India wants to raise the share of natural gas in its energy mix to 15% by 2030, up from the current 6.2%, as part of an effort to cut emissions.
India`s Petronet to sign LNG deal with Qatar for supplies beyond 2028
India`s Petronet to sign LNG deal with Qatar for supplies beyond 2028
Source: Reuters
2024-02-06 09:15:13 am
Reduce Petronet LNG Ltd For Target Rs.229 - Yes Securities Ltd Petrochemical expansion to hurt returns Volume recovery: PLNG expects better global supply situation in medium-to-long term with improving Mozambique situation, US FID and Qatar’s capacity likely to rise. Fall in gas prices would push demand which would be served by increased capacity at Dahej and Kochi-Bengaluru pipeline. Of the total 17.5mtpa capacity, contracts for 15.75mtpa have remained unaffected by the volatility in spot LNG prices. Any shortfall in offtake would be compensate...
Reduce Petronet LNG Ltd For Target Rs.229 - Yes Securities Ltd
Reduce Petronet LNG Ltd For Target Rs.229 - Yes Securities Ltd
Source: Yes Securities Ltd
2024-01-23 10:52:43 am
India`s Petronet to sign deal to extend Qatar LNG imports beyond 2028  India's top gas importer Petronet LNG is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India's Oil Secretary said on Wednesday. Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with Qatar and its promoters Indian Oil Corp, Bharat Petroleum Corp and GAIL (India) Ltd has a 1 million tpy deal. Indian companies had until the end of 2023 to negotiate with Qatar for renewal of...
India`s Petronet to sign deal to extend Qatar LNG imports beyond 2028
India`s Petronet to sign deal to extend Qatar LNG imports beyond 2028
Source: Reuters
2024-01-03 02:31:10 pm
Mutual funds increase weightage in healthcare, real estate sectors Among the Nifty midcap-100 stocks, mutual funds were net buyers in 64 per cent of the stocks. The highest month on month net buying in Nov’23 was seen in Petronet LNG, JSW Energy, Sun TV Network, Aditya Birla Capital, and Vodafone Idea, as per a report by Motilal Oswal Financial Services. In the Nifty-50 stocks, MFs were net buyers in 50 per cent of the stocks. The highest MoM net buying in Nov’23 was observed in Bajaj Finance (+12.6 per cent), Adani Ent. (+11.1 per cent), Kota...
Mutual funds increase weightage in healthcare, real estate sectors
Mutual funds increase weightage in healthcare, real estate sectors
Source: IANS
2023-12-13 12:54:04 pm
Petronet LNG board gives go-ahead for petrochemical plant in Gujarat The Petronet LNG board on Monday gave the go-ahead for a Rs 20,685 crore investment plan to set up a petrochemical plant at Dahej in Gujarat, where the company has a gas import terminal. The company’s CEO, Akshay Kumar Singh, said that the project will be ready in the next four years as it has already got the required statutory approvals. The plant will produce poly-propylene, propylene, propane, hydrogen and ethane. The project would also have the advantage of utilising &lsq...
Petronet LNG board gives go-ahead for petrochemical plant in Gujarat
Petronet LNG board gives go-ahead for petrochemical plant in Gujarat
Source: IANS
2023-10-31 09:31:44 am