Petronet LNG: Prabhudas Lilladher Maintains 'Hold' With Rs 290 Target, Cites Long-Term Growth Vision

Overview

Prabhu Das Lilladher's research report on Petronet LNG follows an analyst meet and plant visit at its Dahej terminal. The company unveiled a five-year strategy targeting Rs 1,000 billion revenue and Rs 100 billion Profit After Tax (PAT), supported by a Rs 400 billion capital expenditure (capex). The report highlights cost-effective capacity expansion and reiterates a 'Hold' rating with a target price of Rs 290, noting execution as a key monitorable.