ICICI Direct has given Hold recommendation for Petronet LNG with a target price of Rs. 210 in its research report issued on May 16, 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.

Outlook

We retain our HOLD rating on the stock. We value Petronet LNG at Rs 210 i.e. 10x P/E on FY24E EPS.

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