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00:00AVOID BUYING THIS PSU STOCK. CHECK RECOMMENDATION, TARGET PRICE.
00:10Decline in PSU stock, shares of Petronet LNG, an oil and gas sector PSU company, fell on
00:15Thursday, January 2. The stock declined by more than 5% at the market opening.
00:23Petronet LNG share price. Petronet LNG opened at Rs. 344 on January 2, compared to the
00:29previous closing of Rs. 347 and reached an intraday low of Rs. 327. As of 11am, the stock
00:37was trading at Rs. 325.50, down 6.36%. Why Petronet LNG share is falling. New issues
00:48from the Petroleum and Natural Gas Regulatory Board, PNGRB, and a sell recommendation from
00:54Citi have led to a significant drop. Questions on Petronet LNG share. PNGRB has
01:02raised questions about Petronet LNG regasification tariff. The company earned substantial profits
01:08by increasing gas rates from its Dahij plant. Risk to Petronet LNG. PNGRB states Petronet
01:16LNG increased regas tariffs annually, generating profits. If regasification tariffs fall under
01:22PNGRB's purview, the company's pricing power will be affected. Why not buy Petronet LNG
01:30shares. A negative catalyst watch has been initiated on Petronet LNG for 3 months. Investors
01:36are advised to exercise caution due to regulatory risks and Citi's sell recommendation. Why sell
01:44Petronet LNG shares. Falling under PNGRB's purview could impact the company's profits,
01:50potentially lowering the share price. Global brokerage firm Citi has issued a
01:55sell recommendation for this stock. How low will Petronet LNG fall. Citi has given a target
02:02price of 310 rupees for the stock, which is about 10% lower than its current level.
02:08Investors are advised to exercise caution for the time being. Note investing in the
02:15stock market is subject to risks. Consult your market expert before investing.