Thursday, January 7, 2021

PETRONET | Stock Price Outlook

 

Petronet LNG Ltd.

Stock/Share Price: 256


➽ In this article we will discuss recent development in the StockShare of PETRONET in the Stock MarketStock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators



Key  Summary


Promoters holding remains unchanged at 50.0% in Sep 2020 qtr

Mutual Funds have increased holdings from 7.83% to 8.42% in Sep 2020 qtr.

Number of MF schemes increased from 31 to 35 in Sep 2020 qtr.

FII/FPI have decreased holdings from 29.15% to 28.07% in Sep 2020 qtr

Number of FII/FPI investors decreased from 762 to 738 in Sep 2020 qtr

Institutional Investors have decreased holdings from 37.0% to 36.49% in Sep 2020 qtr




Technical Chart & Price Outlook



Make Long position for the potential upside level of 274 - 278 in short term and 294 in mid term.


Recent Valuation Summary


Rising Net Cash Flow and Cash from Operating activity

Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Growth in Net Profit with increasing Profit Margin (QoQ)

Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Company with Low Debt

Increasing profits every quarter for the past 2 quarters

Annual Net Profits improving for last 2 years

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

High dividends, with rising dividend yields over last five years

Strong Momentum: Price above short, medium and long term moving averages






Thanks for your Precious Time.


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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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