Petronet LNG –Reduce- Kotak Securities

| April 30, 2010 | 0 Comments

Petronet LNG has reported disappointing set of Q4FY10 and FY10 results which are below our estimates both on the revenues and profitability front.

During the quarter it handled lower spot volumes due to supplies from KG basin. Due to 3% downside potential we downgrade PLNG to REDUCE with unchanged price target of Rs80

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