Buy Petronet LNG, target price Rs 336: Motilal Oswal

Motilal Oswal has given buy rating to Petronet LNG with a target price of Rs 336. The share price moved up by 3.68 per cent from its previous close of Rs 210.75. The stock’s last traded price is Rs 218.10.

Petronet LNG Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 32325.00 Crore) operating in Gas & Petroleum sector.

Petronet LNG Ltd. key Products/Revenue Segments include Liquified Natural Gas which contributed Rs 33118.15 Crore to Sales Value (93.41 % of Total Sales), Other Services which contributed Rs 2263.87 Crore to Sales Value (6.38 % of Total Sales) and Other Operating Revenue which contributed Rs 69.98 Crore to Sales Value (0.19 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 4883.57 Crore, down 43.00 % from last quarter Sales of Rs 8567.15 Crore and down 43.30 % from last year same quarter Sales of Rs 8613.44 Crore. The Company reported net profit after tax of Rs 520.23 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50 per cent stake in the company as of March 31, 2020, while public and others held 50 per cent.