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HomeSHARE MARKET₹260 Government Share Deal With Qatar; Target ₹418; Promoter- BPCL, HPCL, IOCL

₹260 Government Share Deal With Qatar; Target ₹418; Promoter- BPCL, HPCL, IOCL

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Petronet LNG Ltd (NSE: PETRONET): There is a lot of activity on the stock market ahead of the interim budget, which will be announced on 1st February. 

Thus, ahead of spending money, a budget expert has scoured for inexpensive securities in the PSU sector to purchase to help budget, for which he is particularly fond of the Petronet LNG. 

Companies in the government sector are particularly interested in this. The company’s stock will be the center of future budget statements.

Buy Petronet LNG

The expert has advised Petronet LNG to purchase the LNG in cash. Since government-owned companies are acting in full force. 

In this context, PSU shares that are cheap as well as attractive prices are being analyzed. Petronet LNG is currently trading for 8x Forward PE. 

The stock is at the forefront. There are talks taking place with India and Qatar about a long-term arrangement on LNG imports that is extremely beneficial in the case of Petronet LNG.

Positive Trigger Regarding Petronet LNG

When the deal is concluded Petronet LNG’s margins are anticipated to grow by 15. Additionally, the profit is predicted to grow by 25 percent. 

This implies that growth can be expected as regards operations and profits. Additionally, Petronet LNG is soon scheduled to begin work on construction of the third pipeline, which is 425 kilometers from Kochi up to Lake Tuticorin.

How Come Petronet LNG Is Becoming Less Expensive?

The main reason to purchase Petronet LNG shares cheaply was the drastic decline in the shares after its introduction into the petrochemical industry. 

In the petchem sector, Petronet LNG also has ready-made customers. These include big names like BPCL, HPCL, and IOCL as well as promoters.

SIP advice on every fall

SIP also is a skeptic about Petronet LNG shares. SIP should be done for every share that falls by 25 rupees. 

Anil Singhvi has said that in the event of a decline, investors must SIP for shares. Purchase shares with a time frame of between 1 and 2 years. 

There is an upside potential of between Rs 350 and 418 for the share. The share is currently trading at 246 rupees. 

He stated that the company owned by the government will double its income in the next four years.

About Petronet LNG Ltd

Petronet LNG Limited (PLL) is a company that carries out a range of supporting activities for natural gas and petroleum mining. 

It develops, designs, constructs, manages, and owns Liquefied Natural Gas (LNG) and re-gasified natural gas liquefied (RLNG). 

Its primary business involves Natural Gas, which is predominantly composed of butane, propane, methane, and ethane. 

The terminals owned by the company include Kochi LNG terminal Dahej LNG terminal and Solid Cargo port. 

Its subsidiaries include Petronet Energy Limited, Petronet LNG Foundation and Petronet LNG Singapore Pte. Ltd. 

The total operating income from the business is 59899.35 crores. Its equity capital amount is 1500 crores.

Fundamental Analysis of Petronet LNG Ltd

Market Cap₹ 39,040 Cr.
Current Price₹ 259.80
52-wk High₹ 266.30
52-wk Low₹ 191.70
Stock P/E11.17
Book Value₹ 107
Dividend2.69 %
ROCE26.6 %
ROE22.8 %
Face Value₹ 10.0
P/B Value2.42
OPM9.31 %
EPS₹ 22.7
Debt₹ 3,187 Cr.
Debt to Equity0.20

Petronet LNG Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹342₹400
2025₹415₹428
2026₹500₹542
2027₹598₹670
2028₹700₹722
2029₹742₹785
2030₹800₹831
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Petronet LNG Ltd Shareholding Pattern

Promoters Holding
Dec 202250.00%
Mar 202350.00%
June 202350.00%
Sept 202350.00%
Dec 202350.00%
FII Holding
Dec 202234.85%
Mar 202334.81%
June 202334.27%
Sept 202333.31%
Dec 202326.82%
DII Holding
Dec 20224.11%
Mar 20234.55%
June 20234.97%
Sept 20235.93%
Dec 202310.95%
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Public Holding
Dec 202211.03%
Mar 202310.66%
June 202310.77%
Sept 202310.76%
Dec 202312.21%

Petronet LNG Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 38,395 Cr
2020₹ 35,452 Cr
2021₹ 26,023 Cr
2022₹ 43,169 Cr
2023₹ 53,838 Cr

Last 5 Years’ Net Profit:

2019₹ 2,155 Cr
2020₹ 2,698 Cr
2021₹ 2,949 Cr
2022₹ 3,352 Cr
2023₹ 3,403 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.01
20200.01
20210.01
20220
20230

Last 10 Years’ Profit Growth:

10 Years:11%
5 Years:9%
3 Years:6%
Current Year:2%

Last 10 years’ Return on Equity (ROE):

10 Years:23%
5 Years:25%
3 Years:25%
Last Year:23%

Sales Growth Over 10 Years:

10 Years:7%
5 Years:14%
3 Years:19%
Current Year:0%

Conclusion

This article is a complete guide about Petronet LNG Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Also Read: ₹155 Share: As Per Press Release, Company Terminated Agreement; Share Crashed

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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