Motilal Oswal - MOSL: Morning India (15/February/19): 1. Petronet LNG (Latent potential could be immense); 2. ONGC; 3. Nestle India; 4. MM; 5. United Breweries; 6. GSK Consumer; 7. LT Infotech; 8. Page Industries

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Motilal Oswal

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EUR 120.00 For Business Accounts Only

MOSL: Morning India (15/February/19): 1. Petronet LNG (Latent potential could be immense); 2. ONGC; 3. Nestle India; 4. M&M; 5. United Breweries; 6. GSK Consumer; 7. L&T Infotech; 8. Page Industries

MOrning India (15/February/19): 1. Petronet LNG (Latent potential could be immense); 2. ONGC; 3. Nestle India; 4. M&M; 5. United Breweries; 6. GSK Consumer; 7. L&T Infotech; 8. Page Industries

Today’s top research idea

Petronet LNG: Latent potential could be immense

Increased focus of the Chinese government on gas availability, construction of distribution infrastructure and suitable policies aiding consumption helped Chinese gas consumption to grow at a CAGR of 16% during 2001-10 and by 10% during 2011-18.
Comparatively, India witnessed a decline of 2% CAGR during 2011-18, primarily due to poor availability of gas and poor distribution infrastructure. As India ramps up its distribution network through addition of few trunk pipelines and launch of the ninth and tenth round of City Gas Distribution, penetration of natural gas is expected to rise from the current 19% to 72%.
This combined with low LNG prices would augur well for Petronet. We reiterate our Buy recommendation with a target price of INR311.

Piping hot news

KKR in advanced talks to put Rs 2,000 crore in Emami

US private equity firm KKR is in advanced negotiations to invest as much as Rs 2,000 crore in the Emami Group through a structured credit deal, said people with knowledge of the matter. Emami is seeking to repay some of its high-cost debt and raise funds for working capital requirements.

15/02/2019 30 EN

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MOSL: Morning India (15/February/19): 1. Petronet LNG (Latent potential could be immense); 2. ONGC; 3. Nestle India; 4. M&M; 5. United Breweries; 6. GSK Consumer; 7. L&T Infotech; 8. Page Industries

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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