Petronet LNG Ltd. Share Price Target – 2023, 2024, 2025, 2026 and 2030

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.

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

Petronet LNG Ltd. Share Price Target Details

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.

YearPetronet LNG Share Price 1st Targets (₹)Petronet LNG Share Price 2nd Targets (₹)

























Petronet LNG share price target 2023

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

Petronet LNG share price target 2024

The target share price of Petronet LNG for the year 2024 will be ₹272

Petronet LNG share price target 2025

The target share price of Petronet LNG for the year 2025 will be ₹297

Petronet LNG share price target 2026

The target price of Petronet LNG for the year 2026 will be ₹322

Petronet LNG share price target 2027 to 2030

The target share price of Petronet LNG for the years 2027, 2028, 2029, and 2030 will be ₹347, ₹372, ₹397, and ₹422 respectively.

Formal Technical Analysis of Petronet LNG’s Recent Price Movements

Current Stock Price

As of September 21, 2023, the current stock price of Petronet LNG is ₹238.

52-Week High and Low

Potential Bullish Targets

  1. Initial Target: ₹245 – Based on the 50-day moving average and recent momentum.
  2. Intermediate Target: ₹260 – A break above the 52-week high could lead to this level.
  3. Advanced Target: ₹275 – Based on Fibonacci extensions and historical resistance levels.

Potential Bearish Targets

  1. Initial Target: ₹230 – Near the 200-day moving average.
  2. Intermediate Target: ₹215 – Previous support level.
  3. Advanced Target: ₹200 – Based on Fibonacci retracements and historical lows.

Conclusion and Opinion

Petronet LNG has a strong market capitalization of ₹35,685 Cr. The company has an impressive Return on Capital Employed (ROCE) of 26.6% and a Return on Equity (ROE) of 22.8%. It also maintains a healthy dividend yield of 1.26%.

Based on the metrics and technical analysis, the stock has both bullish and bearish potentials. However, given the company’s strong financials and the current market sentiment, a bullish outlook seems more likely in the near term.

Metrics Referenced

  • Current Price: ₹238
  • 52-Week High: ₹254
  • 52-Week Low: ₹196
  • Market Cap: ₹35,685 Cr.
  • ROCE: 26.6%
  • ROE: 22.8%
  • Dividend Yield: 1.26%

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