Buy Petronet LNG, target price Rs 225: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Petronet LNG with a target price of Rs 225. The current market price of Petronet LNG Ltd. is Rs 215.35. Time period given by analyst is Intra Day when Petronet LNG Ltd. price can reach defined target.

Petronet LNG Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 32347.50 Crore) operating in Gas & Petroleum sector.

Petronet LNG Ltd. key Products/Revenue Segments include Liquified Natural Gas, Other Services and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 12669.14 Crore, up 16.35 % from last quarter Total Income of Rs 10888.95 Crore and up 70.56 % from last year same quarter Total Income of Rs 7427.90 Crore. Company reported net profit after tax of Rs 1143.34 Crore in latest quarter.

Investment Rationale
Consistently trending upwards after taking a support on weekly frame, base is shifting higher

Promoter/FII Holdings
Promoters held 50.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 33.6 per cent, DIIs 3.38 per cent.