Petronet LNG Gets A new Buy Rating

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.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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