The report reiterates a REDUCE rating on Petronet LNG citing subdued return ratios amid heavy capex and limited visibility on marketing margins, despite in-line Q2FY27 results.
Read this note →Petronet LNG Limited
NSE PETRONET BSE 532522 INE347G01014
0 filings · 0 analysed
320.45
+3.04%
over 5 days
Prices from Yahoo Finance, NSE close, delayed — indicative only, not for dealing.
Targets, and what happened next
What each house published, and where the price has gone since. Orivam issues no calls of its own and takes no view on these.
| House | Published | Call | Entry | Target | Now | Progress | Standing |
|---|---|---|---|---|---|---|---|
| HDFC Securities | 04 Nov 2026, 06:20 | short | 303.00 | 288.00 | 317.00 | -93% | open by 2027-11-04 |
| HDFC Securities | 28 Sep 2026, 15:23 | short | 289.85 | 280.00 | 286.30 | 36% | hit |
Deadlines: 0 stated by the house, the rest set by Orivam’s convention — ten trading days for a technical call, twelve months for a price target. A target with no date cannot be judged, so one has to be chosen.
What the desks said
Petronet LNG is listed under long unwinding with LTP 286.45, down 1.68%, and OI change of -0.53%.
Read this note →The report notes Petronet LNG and Gruner Renewable Energy formed a joint venture to develop CBG plants with a Rs 1,200 crore investment.
Read this note →The report expects PLNG's EBITDA to remain flattish QoQ at INR 15.1bn even as total volumes decline to 207 tbtu due to lower realizations and elevated spot delivery costs.
Read this note →The note says it retains REDUCE with a revised TP of INR 280 (from INR 273), citing the shift from secured long-term contracts to volatile tolling business, subdued return ratios from ~INR 300bn of capex (RoIC falling to ~13.4% by FY30E, balance sheet turning to net debt of INR 41.6bn in FY30E from net cash of INR 72.9bn in FY26, negative FCF of INR 56.3bn over FY27-30E), and near-term volume growth challenges at Dahej (global LNG price surge, QatarEnergy force majeure) and Kochi (lack of pipeline connectivity), while noting the 750-KTPA Dahej petrochemical complex is ~42% complete and on track for mid-FY29E commissioning and the QatarEnergy 7.5 MMTPA SPA has been extended to CY2048 on a DES basis.
Read this note →Announcement timeline
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