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Stock Market Live Updates 28 May 2024: Sensex, Nifty track Asian cues; LIC quarterly results in spotlight thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
BUY Recommendation on Petronet LNG - High spot LNG prices dent volumes - HDFC Securities equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
BUY on Petronet LNG - Faring well - HDFC Securities Posted On: 2021-02-15 04:37:56 (Time Zone: Arizona, USA) Mr. Harshad Katkar, Institutional Research Analyst, HDFC Securities & Mr. Nilesh Ghuge, Institutional Research Analyst, HDFC Securities Our BUY recommendation on PLNG with a price target of INR 295 is premised on robust volume offtake in FY22/23E as (1) benign LNG prices will ensure its high imports, in turn allowing full utilisation at Dahej on its expanded capacity, and (2) with the completion of the Kochi-Mangalore pipeline, it will raise utilisation at the Kochi terminal. 3Q EBITDA/APAT was 11/13% above our estimates, owing to higher-than-anticipated marketing margin and lower-than-anticipated depreciation. ....