Buy Petronet LNG, target of Rs 63: Karvy

Karvy Stock Broking has maintained its buy rating on Petronet LNG Ltd with a target of Rs 63 in its January 12, 2009 research report. "For FY09, we expect the revenue growth of 9.8% to Rs 71,948 million and adjusted profit to rise by 11.9% to Rs 5,309 million. We maintain our Buy rating with target price of Rs 63," says Karvy Stock Broking's research report.
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