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Nomura maintains target price of Rs.200 on Petronet LNG
Posted On : 2012-10-22 20:17:40( TIMEZONE : IST )
Nomura has maintained its Buy rating on Petronet LNG Limited with a target price of Rs.200.
The company reported number for the quarter ended September 30, 2012 ahead of Nomura's expectations. The PAT was Rs.3.15 billion, while LNG regasification volumes were in-line.
Nomura said higher trading and efficiency gains resulted in a strong bottomline. The outlook on Petronet LNG is upbeat due to decline in KG-D6 gas output, as it would spur more LNG imports.
