Sell Petronet LNG, target Rs 222: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Petronet LNG Ltd. with a target price of Rs 222. The current market price of Petronet LNG Ltd. is Rs 233.25 Time period given by the analyst is Intra Day when Petronet LNG Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 236 . Petronet LNG Ltd., incorporated in 1998, is a largecap company with a market cap of Rs 34695.00 crore.

Petronet LNG Ltd. key Products/Revenue Segments include Liquified Natural Gas which contributed Rs 23395.78 Crore to Sales Value (95.04 % of Total Sales), Other Services which contributed Rs 1154.98 Crore to Sales Value (4.69 % of Total Sales) and Other Operating Revenue which contributed Rs 65.27 Crore to Sales Value (0.26 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 9169.15 Crore, up 6.17 % from last quarter Sales of Rs 8636.23 Crore and up 42.49 % from last year same quarter Sales of Rs 6435.11 Crore Company has reported net profit after tax of Rs 586.97 Crore in latest quarter. The company’s top management includes Dr.Jyoti Kiran Shukla, Dr.M M Kutty, Dr.T Natarajan, Mr.A K Misra, Mr.G K Satish, Mr.Prabhat Singh, Mr.Rajender Singh, Mr.Subir Purkayastha. Company has T R Chadha & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 1,500,000,088 shares outstanding.