If you are looking for “ Petronet LNG share price targets” for upcoming years, you are in the right place. Before we dive into Petronet LNG Ltd. stock price targets, Let’s understand the Petronet LNG company background, technical fundamentals etc.
Contents
About Petronet LNG Ltd.
Petronet LNG Ltd. is an Indian company that was established in 1998 as a joint venture between four major Indian oil and gas companies: GAIL, ONGC, Indian Oil, and Bharat Petroleum. The company’s primary objective is to import liquefied natural gas (LNG) and set up LNG terminals in India. Petronet LNG Ltd. has four operational LNG terminals in Dahej, Gujarat, and Kochi, Kerala, with a total capacity of 17.5 million tonnes per annum. The company has played a significant role in meeting India’s growing demand for natural gas and reducing the country’s dependence on crude oil imports. Petronet LNG Ltd. is also exploring opportunities to expand its business globally and has signed several long-term LNG supply agreements with international suppliers.
Fundamentals of Petronet LNG Ltd.
Let’s look at the fundamentals of Petronet LNG, based on which we can get a clear understanding of the expertise in the Industrial Gases & Fuels sector.
- Current Market Cap: The current market cap of Petronet LNG as of 3/11/2023, is ₹ 33,285
- P/E Ratio: The current price-to-earning ratio of Petronet LNG is 9.86
- Sales Growth: Sales growth in last 1 year for Petronet LNG is 65.89 %
- Profit Growth: Profit growth is around 14.35 % in last 1 year
We have done a complete analysis of Petronet LNG and have come up with its share price targets for upcoming years.
Petronet LNG’s Current Share Price is ₹222
Note: These price targets of “Petronet LNG” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
| Year | Petronet LNG Share Price Targets (₹) |
|---|---|
2023 | 247 |
2024 | 272 |
2025 | 297 |
2026 | 322 |
2027 | 347 |
2028 | 372 |
2029 | 397 |
2030 | 422 |
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of Petronet LNG for the year 2023 will be ₹247
The target share price of Petronet LNG for the year 2024 will be ₹272
The target share price of Petronet LNG for the year 2025 will be ₹297
The target price of Petronet LNG for the year 2026 will be ₹322
The target share price of Petronet LNG for the years 2027, 2028, 2029, and 2030 will be ₹347, ₹372, ₹397, and ₹422 respectively.
