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Showing posts with the label petronet lng

Stocks to buy today: Jefferies sees over 50% upside in ONGC in 2025; Morgan Stanley remain overweight on Maruti

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[hfe_template id='11223'] [ad_1] Leading global brokerages have shared their latest recommendations on key Indian stocks, highlighting potential growth opportunities and market trends for 2025. Morgan Stanley and Jefferies remain optimistic about select sectors, with actionable insights on Petronet LNG, ONGC, and Maruti Suzuki India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Petronet LNG: Maintain Equal-Weight, target price at Rs 400 | LTP Rs 327 | Upside 22% Morgan Stanley has maintained an "Equal-Weight" rating on Petronet LNG (PLNG) with a target price of Rs 400, indicating a potential upside of 22% from the current market price of Rs 327. The firm highlights PLNG as a high return-on-capital-employed (ROCE) stock that performs consistently well through economic cycles. It anticipates an upside in the utilization rates of PLNG's terminals, driven by the normalization of LNG prices, ...

Petronet LNG shares fall over 6% amid PNGRB criticism and Citi's bearish outlook

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[hfe_template id='11223'] [ad_1] Petronet LNG shares plunged as much as 6.7% on Thursday to Rs 324.05 on the BSE, pressured by critical remarks from the Petroleum and Natural Gas Regulatory Board (PNGRB) regarding tariff-related issues and a bearish note from brokerage firm Citi placing the stock under a 90-day negative watch. PNGRB has called out Petronet LNG for profiting at the expense of gas consumers and is pushing for a framework to regulate its regasification activities. The regulator criticized the company for “profiting immensely” by annually increasing tariffs at its Dahej terminal while failing to pass on the benefits of capacity expansions and improved utilization. Citi reiterated its “sell” rating on Petronet LNG with a target price of Rs 310, implying a downside potential of over 4% from current levels. The brokerage flagged growing regulatory risks as a key concern. “Rising charges while capacities have increased along with over 90% capacity utilisation ha...

Over 700 smallcaps correct up to 41% as Indian markets reel under pressure

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[hfe_template id='11223'] [ad_1] Tensions in the middle east and FII outflows hit Indian markets hard as indices corrected over 4% during the week. The decline was broad-based with sectors like auto, banks, infra, and energy witnessing heavy selling pressure. The bearish sentiments in the market resulted in the sharp fall of smallcap stocks as only 14 stocks delivered double-digit returns the week. No smallcap has offered returns over 20% with the highest return being 19.8% by Hercules Hoists. It is closely followed by Anup Engineering at 19.65% and ITD Cementation at 18.9%. Meanwhile, over 700 stocks in the smallcap segment slipped into red with 11 of them correcting in double-digits. Kamdhenu Ventures, Opitemus Infracom, Sterling and Wilson were the top losers up to 41% in the week. In the midcap segment, there were no stocks which gained in double-digits. Whirlpool, Petronet LNG, Bayer CropScience and a few others bucked the trend and rose over 5% Among the Sensex pac...