Shares of Petronet LNG Ltd. traded higher today, gaining 1.77% to reach ₹339.00 as of 9:39 a.m. IST, following an upbeat assessment by brokerage firm UBS. Shares of Petronet LNG hit an intraday high of Rs 342 or gained 2% in the morning trade following the upgrade from UBS. The brokerage upgraded the stock to a “Buy” from “Neutral” and significantly raised its target price to ₹400 from ₹320, reflecting optimism around the company’s growth prospects.
UBS highlighted Petronet LNG as a key beneficiary of India’s increasing reliance on LNG to meet energy needs. The company is expanding its capacity at an opportune time, with India securing five long-term LNG supply contracts starting in 2026. Additionally, UBS noted that Petronet’s Dahej terminal, which could handle 19-20 mmtpa LNG, remains competitive despite new terminals entering the market.
The stock’s upward move aligns with the positive sentiment around its strategic positioning and operational efficiency, particularly as India pivots towards cleaner energy solutions. Investors are reacting positively to UBS’s view, which underscores Petronet LNG’s potential to capitalize on the growing demand for LNG in India.
