Hold Petronet LNG, target price Rs 210: ICICI Direct

Petronet LNG Ltd. key Products/Revenue Segments include Liquified Natural Gas, Other Services and Other Operating Revenue for the year ending 31-Mar-2022.

By ETMarkets.com | Sep 29, 2022, 10.13 AM IST

Promoters held 50.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 34.83 per cent, DIIs 2.94 per cent.

ICICI Direct has hold call on Petronet LNG with a target price of Rs 210. The current market price of Petronet LNG Ltd. is Rs 200.05.

Petronet LNG Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 29985.00 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-2022.

Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 14388.00 Crore, up 27.99 % from last quarter Total Income of Rs 11241.74 Crore and up 66.02 % from last year same quarter Total Income of Rs 8666.47 Crore. Company reported net profit after tax of Rs 683.01 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 34.83 per cent, DIIs 2.94 per cent.

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