Petronet LNG Q1 Results Review: PL Capital Upgrades to ‘Hold’ Amid Stock Price Decline
PL Capital has revised its rating on Petronet LNG from ‘Reduce’ to ‘Hold’ due to a recent decline in the company’s stock price. This upgrade reflects a more cautious but optimistic stance following the release of Petronet LNG’s Q1 financial results. The company’s Dahej regasification volume for the quarter stood at 207 TBtu, a decrease compared to 248 TBtu in Q1 FY25 but an improvement from 189 TBtu in Q4 FY25. Despite challenges reflected in volume fluctuations, the stock’s price correction has prompted PL Capital to adjust its outlook, signaling a potential stabilization for investors. Market watchers are paying close attention to such sector-specific developments as well as global cues that influence energy stocks like Petronet LNG amid ongoing market volatility.