ICICI Direct has given Hold recommendation for Petronet LNG with a target price of Rs. 220 in its research report issued on Feb 14, 2022
ICICI Direct’s research report on Petronet LNG
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
We retain our HOLD rating on the stock We roll over valuations to FY24E and value Petronet LNG at Rs 220 i.e. 10x P/E on FY24E EPS.