Buy Petronet LNG, target Rs 446: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Petronet LNG Ltd. with a target price of Rs 446. The current market price of Petronet LNG Ltd. is Rs 427.1 Time period given by analyst is Intra Day when Petronet LNG Ltd. price can reach defined target. Shrikant Chouhan recommended to keep stop loss at Rs 420.0 .

Petronet LNG Ltd., incorporated in the year 1998, is a largecap company with a market cap of ₹ 32291.25 crore operating in Petrochemicals sector.

Petronet LNG Ltd. key Products/Revenue Segments include Liquified Natural Gas which contributed ₹ 26247.53 Cr to Sales Value (96.73 % of Total Sales), Other Services which contributed ₹ 870.72 Cr to Sales Value (3.20 % of Total Sales) and Other Operating Revenue which contributed ₹ 15.18 Cr to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 5976.58 Cr., down -5.71% from last quarter Sales of ₹ 6338.51 Cr. and up 23.95% from last year same quarter Sales of ₹ 4821.85 Cr. Company has reported net profit after tax of ₹ 397.47 Cr. in latest quarter. The company’s CEO is Mr.Prabhat Singh. It's Board of Directors include Mr.Prabhat Singh, Mr.R K Garg, Mr.Rajender Singh, Mr.Subir Purkayastha, Mr.Sushil Kumar Gupta, Mr.Uday Akram, Mr.K C Sharma, Dr.Jyoti Kiran Shukla, Mr.Arun Kumar Misra, Mr.D K Sarraf, Mr.D Rajkumar, Mr.Eric Ebelin, Mr.G K Satish, Mr.K C Sharma, Mr.K D Tripathi. Company has its registered office at World Trade Centre,, 1st Floor,, Babar Road ,, New Delhi, 110001, Delhi. Company has T R Chadha & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 750,000,044 shares outstanding.