Gujarat State Petronet Management Meet Update - Volumes Back To Normal: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We interacted with the management of Gujarat State Petronet Ltd. to understand the current business prospects, along with its long-term growth vision. We highlight key near-term triggers for the stock.
The management reiterated their volume guidance and expects over 10% volume compound annual growth rate over the next three to five years.
Gas volumes moved away from spot liquefied natural gas as prices saw an abrupt spike in January-February 2021, however refinery/petrochemical demand has returned to normal levels (it was ~7 million metric standard cubic meter per day in Q3 FY21 versus ~12mmscmd in FY20).
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.