Petronet LNG’s shares experienced a surge of over 2% following an upgrade from Emkay, which has given the stock a ‘buy’ rating. The brokerage has set a target price of ₹425, implying a potential upside of 23.4% from the current levels.
As of 9:50 am, the shares were trading at ₹353.45 on the NSE, up by 2.72%. The positive sentiment is attributed to the favorable outlook provided by Emkay, leading to increased interest in the stock.
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