Petronet LNG

Petronet LNG Q4 net profit down 31 percent

Petronet-LNGNew Delhi, April 30 : State-run gas importer Petronet LNG Wednesday reported a 31 percent fall in its fourth quarter (January-March) net profit to Rs. 169.3 crore from Rs. 245.14 crore logged in the corresponding quarter of the previous fiscal.

The company's total income increased from Rs. 8,487.86 crore for the fourth quarter of fiscal 2012-13 to Rs. 10,458.55 crore for the corresponding quarter ending March 2014.

Petronet's net profit for the full year ended March 2014 declined by 38 percent to Rs. 711.92 crore compared with Rs. 1,149.28 crore for the year ended March 31, 2013.

Petronet LNG Ltd Buy Call: Abhishek Jain, StocksIdea.com

Petronet LNG Ltd Buy Call: Abhishek Jain, StocksIdea.comPetronet LNG formed by the Government of India to import LNG and set up LNG Terminals in the country. Petronet is a Joint Venture Company promoted by the GAIL (India) Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) with an authorized capital of Rs. 1200 crores (US$ 240 million). Petronet LNG has selected GAZ de France (GDF), a French national company as its strategic partner who is holding 10% of the equity in the company.

Qatar Petroleum keen to buy stake in Petronet LNG

Qatar Petroleum keen to buy stake in Petronet LNGEnergy giant Qatar Petroleum International (QPI) has expressed its interest to acquire a 5.2 per cent stake in India's importing firm Petronet LNG, from Asian Development Bank (ADB).

The new reports about the Persian Gulf country's state-run energy firm's interest in Petronet LNG followed Qatar's Minister of Energy & Industry Mohammed bin Saleh Al-Sada's November announcement in which he had confirmed that he had wrote to India's Oil Minister M Veerappa Moily acknowledging QPI's plans to buy a stake in Petronet LNG.

Petronet LNG Intraday Buy Call

Petronet LNG Intraday Buy CallTechnical analyst Rajesh Jain has maintained 'buy' rating on Petronet LNG Limited stock to attain a target of Rs 140.

According to analyst, the interested investors can buy the stock at current levels.

The stock of the company, on May 03, closed at Rs 133.60 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 8.26 and 15.51 respectively.

The share price has seen a 52-week high of Rs 140.80 and a low of Rs 76.60 on BSE.

Petronet LNG recorded a growth of 2.12 times in its net profit for the three month period ended March 2011.

Buy Petronet LNG Ltd. With Target Rs 143 by PINC Research

PLLNew capacity of 5mmtpa at Kochi operational by FY15

Capacity expansion at Dahej terminal from10mmtpa to 12.5mmtpa

Net sales and PAT to grow at a CAGR of 32% and 24% respectively from FY10 to FY13

Concern over cap on regas charges, global LNG dynamics, force majeure from RasGas

At CMP of Rs118, PLL is trading at PER of 12.0x & 11.5x and EV/ EBITDA of 9.0x & 7.6x for FY12 & FY13 respectively.

Petronet LNG Ltd. Technical Report by PINC Research

Petronet-lngNo commodity risk - Back to Back mirror agreement

PLL is a bulk supplier of imported LNG which is re-gasified and delivered at the GAIL’s HVJ pipeline. PLL enters into back-to-back long term purchase and sales agreements. The sale of LNG to be imported by the company is fully tied up through Gas Sales and Purchase Agreement (GSPA) on a take or pay basis. The price of natural gas (NG) would be actual cost of LNG at the import exchange rate, taxes and duties on the import of LNG, shipping & insurance charges and the Regasification rate.

No currency risk for long term contracts

Petronet LNG Ltd. Technical Analysis by PINC Research

Petronet LNG Limited (PLL), a New Delhi based company was incorporated in Apr’98 as a joint venture with equity participation from GAIL, IOC, ONGC and BPCL to cater to the natural gas demand supply deficit through imported LNG. Gujarat Maritime Board (GMB) granted PLL the right to develop a port for commercial use on BOOT basis and also build a solid cargo terminal alongside the LNG import terminal at Dahej. PLL successfully commissioned India’s first LNG receiving and re-gasification terminal of 2.5mmtpa in Feb’04 with capex of Rs20bn.

Buy Petronet LNG Ltd. With Target Of Rs 143 : PINC Research

PetronetPetronet LNG Ltd. (PLL) is playing an important role in natural gas dynamics with ~17% of gas supply in FY10. The company boasts of a Sovereign parentage of GAIL, IOCL, ONGC and BPCL, which are also off-takers of its gas. It has 10 mmtpa re-gasification facility in Dahej, Gujarat and supplies to GAIL’s HVJ gas pipeline.

Risk free business model

Petronet LNG Short Term Buy Call

Petronet LNG Short Term Buy CallTechnical analyst Sanjay Surekha has maintained 'buy' rating on Petronet LNG Limited stock with a short term target of Rs 145.

According to analyst, the stock can be purchased with a stop loss of Rs 115.

The stock of the company, on February 04, marked its closure at Rs 126.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 136 and a low of Rs 70 on BSE.

Current EPS & P/E ratio stood at 6.81 and 18.51 respectively.

Intra Day Buy Call For Petronet LNG

Petronet LNGTechnical analyst Salil Sharma has maintained 'buy' rating on Petronet LNG Limited stock with a target of Rs 131.

According to analyst, the investors can purchase the stock with a stop loss of Rs 125.

The stock of the company, on January 28, closed at Rs 126.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 136 and a low of Rs 70 on BSE.

Current EPS & P/E ratio stood at 6.81 and 18.16 respectively.

Petronet in deal to buy 1.1MT LNG/yr

Petronet-LNGPetronet LNG Ltd, India's largest importer of liquefied natural gas has marked a treaty to source 1.1 million tonnes of liquefied natural gas (LNG) annually for the next two financial years.

Petronet's head of finance A. Sengupta told Reuters that the deal was made to meet the growing energy demand of the nation.

Another deal is made between state-run gas utility GAIL (India) and Japanese trader Marubeni to source LNG for three fiscal years.

Short Term Buy Call For Petronet LNG

Short Term Buy Call For Petronet LNGTechnical analyst Salil Sharma has maintained 'buy' rating on Petronet LNG Limited stock with a target of Rs 145.

The analyst said that the stock can be purchased with a stop loss of Rs 119.

The stock of the company, on December 21, closed at Rs 128.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 131.30 and a low of Rs 69.70 on BSE.

Current EPS & P/E ratio stood at 5.64 and 22.59 respectively.

Buy Petronet LNG With Stop Loss Below Rs 119

Buy Petronet LNG With Stop Loss Below Rs 119Technical analyst Mitesh Thacker has maintained 'buy' rating on Petronet LNG Ltd with a first target of Rs 129-130.

According to analyst, the investors can buy the stock with a stop loss below Rs 119.

Double your positions if the stock crosses the first target and then hold with target of Rs 140-145, Mr. Thacker added.

The stock of the company, on December 13, closed at Rs 123.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 129.75 and a low of Rs 69.70 on BSE.

Buy Petronet LNG With Stop Loss Of Rs 115

Buy Petronet LNG With Stop Loss Of Rs 115Technical analyst Sanjay Surekha has maintained 'buy' rating on Petronet LNG Ltd stock with a target of Rs 140.

According to analyst, the investors can buy the stock with a stop loss of Rs 115.

Mr. Sanjay Surekha said that the stock will attain the said target within a period of three months.

Today, the stock of the company opened at Rs 118.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 129.75 and a low of Rs 68 on BSE.

Current EPS & P/E ratio stood at 5.64 and 21.05 respectively.

Petronet LNG's second quarter profit up 8.65 percent

Petronet LNG's second quarter profit up 8.65 percentMumbai, Oct 25 - Petronet LNG Ltd Monday reported an increase of 8.65 percent in its net profit for the second quarter of the current fiscal that stood at Rs. 131.12 crore as compared to Rs. 120.67 crore in the like period of the corresponding year.

"The company has posted a net profit of Rs. 1,311.239 million for the quarter ended September 30, 2010, as compared to Rs. 1,206.791 million for the quarter ended September 30, 2009," the company said in a statement.

Petronet LNG to see divestment

Petronet LNG to see divestmentThe Asian Development Bank (ADB) has said in a written letter that it wants to divest its stake in Petronet LNG. The letter was written to the promoters of the gas trading and distributing company.

At present, ADB has 5 per cent stake in Petronet and the value of it is 444 crore rupees. The bank wants the other stakeholders like IOC, ONGC, BPCL and GAIL, to takeover this stake.

The four Indian fuel companies are holding 12.5 per cent stake each in Petronet and their combined stake in 50 per cent.

Buy Petronet LNG For Target Of Rs 87

Buy Petronet LNG For Target Of Rs 87Technical analyst Rajesh Jain of SMC Global Securities is of the view that investors can buy Petronet LNG stock to achieve an intraday target of Rs 87.

According to Jain, the investors can buy the stock with a stop loss of Rs 81.

Today, the shares of the company opened at Rs 605.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 737 and a low of Rs 258 on BSE.

Current EPS & P/E ratio stood at 24.12 and 6.03 respectively.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content