Petronet LNG Ltd. News and Updates

Name: Latest research reports of Petronet LNG Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: Petronet LNG Ltd.
Rating: 5
Author: Dolat Capital

Keep track of all breaking news on Petronet LNG Ltd. from all sources in a single place.

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Petronet LNG Ltd.

24 Aug 2020

316.80

-1.25%

Buy Petronet LNG; target of Rs 319: KRChoksey

Moneycontrol

KRChoksey is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 319 in its research report dated August 20, 2020.

Petronet LNG Ltd. has an average target of 333.17 from 6 brokers.

Petronet LNG Ltd.

24 Aug 2020

316.80

-1.25%

Petronet LNG

Buy: Petronet LNG Ltd.

Target

Dolat Capital

Higher volumes were clocked in FY20, due to higher efficiency in operations and expansion of nameplate capacity at Dahej. Last few days of March '20, was affected due to nationwide lockdown, however normal volumes have bounced back and the Dahej terminal is running at a capacity utilization of close to 100% with industries starting up and higher usage of gas from Power and other industries as spot LNG prices are low. Capacity Utilization at Kochi is low and is expected to improve after the completion of the KochiMangalore pipeline by end of August'20. The capacity utilization of Kochi terminal after completion will reach around 30-35%, which will further boost...

Petronet LNG Ltd. is trading below its 150 day SMA of 317.4

Petronet LNG Ltd.

23 Aug 2020

316.80

-1.25%

What makes Petronet LNG a good bet over the long term

Business Line

It is bouncing back well from the pandemic woes and the outlook looks promising

Petronet LNG Ltd. is trading above its 100 day SMA of 307.9

Petronet LNG Ltd.

20 Aug 2020, 12:36PM

316.80

-1.25%

Accumulate Petronet LNG; target of Rs 301: Dolat Capital

Moneycontrol

Dolat Capital recommended accumulate rating on Petronet LNG with a target price of Rs 301 in its research report dated August 18, 2020.

Petronet LNG Ltd. has an average target of 333.17 from 6 brokers.

Petronet LNG Ltd.

20 Aug 2020, 12:00AM

316.80

-1.25%

Petronet LNG

Buy: Petronet LNG Ltd.

Target

KRChoksey

Kochi utilization to improve on new pipeline commissioning: PLNG's Kochi terminal is expected to see higher capacity utilization post completion of Kochi-Mangalore pipeline. The pipeline is expected to be commissioned in August. This will help increase utilization, going forward. We expect Kochi terminal capacity utilization level could reach to 30-35% in FY22E from current ~17%. We expect PLNG...

Number of FII/FPI investors decreased from 813 to 796 in Mar 2025 qtr

Petronet LNG Ltd.

20 Aug 2020, 12:00AM

316.80

-1.25%

Petronet LNG

Buy: Petronet LNG Ltd.

Sharekhan

Petronet LNG (PLNG) reported better-than-expected Q1FY2021 results as the decline of 11% y-o-y in its operating profit to Rs. 910 crore was much lower than our and street expectations of 20-22% y-o-y decline. It is attributable to higher-than-expected Dahej re-gas volume at 181 tbtu (versus estimate of 168 tbtu) and lower other expenses (29% y-o-y). Other expenses were lower as variable cost (such as power and fuel and repairs) declined with lower overall volumes. We highlight here that Q4FY2020 operating profit was impacted by Rs. 31 crore for inventory loss and Rs. 178 crore for forex losses. Kochi terminal volume at 9 TBTU (flat y-o-y; down 31% q-o-q) was in-line...

Petronet LNG Ltd. is trading below its 150 day SMA of 317.4

Petronet LNG Ltd.

19 Aug 2020, 12:00AM

316.80

-1.25%

First Light | Petronet LNG

Buy: Petronet LNG Ltd.

BOB Capital Markets Ltd.

Margins improve, volume outlook brightens

Number of FII/FPI investors decreased from 813 to 796 in Mar 2025 qtr

Petronet LNG Ltd.

18 Aug 2020

316.80

-1.25%

Petronet LNG Standalone June 2020 Net Sales at Rs 4,883.57 crore, down 43.3% Y-o-Y

Moneycontrol

NULL

Petronet LNG Ltd. has an average target of 333.17 from 6 brokers.

Investments in LNG not looking lucrative at this point of time: Petronet LNG

Business Line | 18 Aug 2020 5 more

Petronet LNG Ltd.

18 Aug 2020

316.80

-1.25%

Petronet LNG: Q1FY21 Result Review

Accumulate: Petronet LNG Ltd.

Recommendation

IDBI Capital

Petronet LNG's (PLNG) Q1FY21 result was a beat to our estimates on the back of higher than expected volume and lower other expenses. The company's revenue decreased 43% YoY to Rs48.8 bn on the back of lower volume and lower LNG price. Total volume decreased 16% YoY (-13% QoQ) to 190tbtu led by 17% fall at Dahej and flattish YoY growth at Kochi terminal. Kochi-Mangalore pipeline is expected to commence by Aug'20 end, delayed by a month and should reach an utilization level of 30-35%. The company's current utilisation level at Dahej reached to 104% and 17-20% at Kochi. The company has a capex plan of Rs3.5 bn for FY21 and much more after that as they have...

Petronet LNG Ltd. is trading above its 100 day SMA of 307.9

Petronet LNG Ltd.

18 Aug 2020

316.80

-1.25%

Q1FY21 Result Update - Robust performance - BUY

Buy: Petronet LNG Ltd.

Target

Prabhudas Lilladhar

Lowest tariffs, excellent pipeline network and well-entrenched reach in domestic LNG markets to help PLNG compete with new terminals. We leave our estimates for FY21-23E unchanged. Petronet LNG (PLNG) is a play on India's rising LNG imports supported by soft spot LNG prices. We like PLNG's business model given high earnings visibility. We see limited competition to PLNG's well-entrenched reach in the LNG business. Reiterate...