Motilal Oswal - MOSL: Morning India (27/April/18): 1. Petronet LNG; 2. Axis Bank; 3. Yes Bank; 4. Biocon; 5. Shriram City Union

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Motilal Oswal

Team Research

MOSL: Morning India (27/April/18): 1. Petronet LNG; 2. Axis Bank; 3. Yes Bank; 4. Biocon; 5. Shriram City Union

MOrning India (27/April/18): 1. Petronet LNG; 2. Axis Bank; 3. Yes Bank; 4. Biocon; 5. Shriram City Union

Today’s top research idea

PETRONET LNG: Snowball effect; Huge scope for small scale LNG in India

While there is little doubt on the near-term growth in LNG consumption, the medium-long term poses a risk, considering that domestic gas production is expected to rise amidst upcoming LNG terminals.
Just as a small snowball keeps adding snow as it rolls down a snow surface, we identify small-scale LNG (ssLNG) opportunities in India, which would be able to absorb what seems like a flurry of upcoming LNG capacities.
ssLNG is defined as direct sale of LNG in liquid state to the consumer rather than going through regasification. We believe ssLNG offers immense potential, with a market of 7-10mmt by 2025. This could help absorb possible LNG capacity addition, despite 10.5% growth in domestic gas production during FY18-22.
We reiterate Buy, with a target price of INR317.

Piping hot news

Numetal ups Essar Steel offer by 75% to match ArcelorMittal's bid

Numetal, in which a Ruia family member is part-owner, has increased its offer for Essar Steel by more than 75% to match ArcelorMittal’s superior bid in the first round, said two persons familiar with the matter.

27/04/2018 30 EN

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Motilal Oswal

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MOSL: Morning India (27/April/18): 1. Petronet LNG; 2. Axis Bank; 3. Yes Bank; 4. Biocon; 5. Shriram City Union

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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