Buy Petronet LNG, target price Rs 325: Motilal Oswal

Motilal Oswal has buy call on Petronet LNG with a target price of Rs 325. The current market price of Petronet LNG Ltd. is Rs 224.95.

Petronet LNG Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 33375.00 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 7427.90 Crore, up 16.47 % from last quarter Total Income of Rs 6377.66 Crore and down -17.42 % from last year same quarter Total Income of Rs 8994.39 Crore. Company reported net profit after tax of Rs 867.08 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 50 per cent stake in the company as of Dec 30, 2020, while FIIs held 29.5 per cent, DIIs 7 per cent and public and others 13.5 per cent.