In its latest note, global brokerage house Jefferies highlighted that the Modi government’s renewed efforts to include natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL (India) Ltd, and Petronet LNG Ltd. The brokerage noted that among the 4 key states that could hold sway, 3 are […]
Petronet LNG
Petronet LNG Ltd’s shares have been trading lower since the release of its March quarter results (Q4FY24) as its Ebitda missed analysts’ estimates, despite clocking a 17% year-on-year growth. The growth was driven by higher volumes, but weak gas prices, inventory loss and provisioning played spoilsport. The company’s Ebitda stood […]