Accumulate Petronet LNG, target price Rs 393: Geojit Financial Services

Geojit Financial Services suggests accumulating Petronet LNG with a target price of Rs 393. Petronet delivered a resilient performance in Q2FY25. Future growth is anticipated from the Dahej terminal expansion and resolution of Kochi terminal's connectivity issue by March/April 2025, boosting demand in southern Indian cities. Promoters hold 50% stake in the company.