Macquarie finds Petronet LNG’s valuations attractive compared to its Asia-Pacific peers.
Petronet LNG received a new ‘Outperform’ rating on the stock from international brokerage firm Macquarie.
Shares of the company is expected to reach Rs 270, the research company said in a report.
Shares of Petronet LNG rose as much as 1.5 percent to Rs 219.
The price target implies a potential upside of 25.1 percent from Monday’s closing price.