Emkay Global Financial Recommends Buying Petronet LNG, Sets Rs 370 Target

Emkay’s report says Petronet LNG’s 2QFY27 SA EBITDA and APAT rose 10% and 11% quarter on quarter, respectively, and were 5% and 6% above its estimates. Implied spot margins of $7.6/mmbtu missed estimates by 9%.