
News Topical, Digital Desk : After the announcement of Trump tariffs, the domestic markets witnessed a sharp decline today and meanwhile many stocks also came under pressure. One of these stocks is Petronet LNG which reached its lowest level of the year in Tuesday's session. However, brokerage firm Motilal Oswal has maintained its confidence in the stock and has advised to buy at lower levels. The brokerage firm estimates that the stock can give a return of 53 percent from these levels. The stock saw a decline of about 2 percent in Tuesday's trading.
What is special in the report
Motilal Oswal has given a target of 410 for Petronet LNG. The stock closed at 269 today. That is, the stock can see a gain of about 53 percent from the current levels. The brokerage has upgraded the rating of the stock. Capacity growth and better valuation have been cited as the reason for the upgrade. According to the report, half of the country's total gas consumption is from LNG, which was 35 percent a decade ago. During this period, due to limited capacity expansion, the market share of Petronet LNG was seen to decline. However, now the company is increasing capacity to take advantage of further growth in NNG imports and the new capacity is expected to start in December this year, which can benefit the company.
How was the performance of the stock? In the last one month, the stock has fallen by 11 percent, while in the year 2025 so far, the stock has declined by 23 percent. Out of 34 analysts covering Petronet NNG stock, 13 have a buy recommendation, 11 have a hold recommendation and 10 have a sell recommendation.
Read More: F&O: These 8 stocks will be out of F&O, who are included in the list
--Advertisement--