Buy Petronet LNG; target of Rs 306 Prabhudas Lilladher

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Prabhudas Lilladher's research report on Petronet LNG

We maintain our estimates for FY20/21E. PLNG is a play on India's rising LNG imports supported by benign spot LNG prices. We like PLNG's business model given high earnings visibility and see limited competition to its well-entrenched reach in the LNG business.

Outlook

Reiterate BUY with a DCF based PT of Rs306 (unchanged).

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