Petronet LNG Share price: Kotak Institutional Equities raise price target to Rs 300
Kotak Institutional Equities rule out material risks to utilization of Dahej terminal from competition given constraints or delays being faced by the new terminals. The recent correction in Petronet LNG stock offers an opportunity to BUY as it now trades near NPV of long-term contracts, even as volumes remain robust and well above contractual commitments.
Kotak Institutional Equities expect strong earnings/FCF trajectory to translate into higher dividends, given limited investment avenues meeting Petronet LNG’s threshold IRR: Reuters