Axis Capital raises PT for India's Petronet LNG on resilient volumes
25/09/2026 06:24
BUZZ-Axis Capital raises PT for India's Petronet LNG on resilient volumes ** Axis Capital raises Petronet LNG's PLNG.NS PT to 320 rupees from 310 rupees and reiterates "add" rating
** On the day, stock down 0.5% at 285.15 rupees
** Brokerage lifts FY27 PAT estimate by 6% on stronger near-term LNG volume performance, noting resilient volumes in H1FY27 despite Strait of Hormuz closure
** Says, Dahej LNG terminal could operate at about 110% of its 22.5 mtpa nameplate capacity, supported by 35 mtpa of pipeline evacuation infrastructure
** Stock rated "buy" on average by 31 analysts; median PT is 320 rupees - LSEG compiled data
** YTD, stock up 0.4% vs energy index's .NIFTYENR 5.7% climb
(Reporting by Payel Das in Bengaluru)
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