Buy Indian Bank and Neutral Petronet LNG Limited

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Indian bank officially announced consolidated sales of Rs. Cr 7,427.90 for the third quarter ended 31-12-2020 which is 16.47% higher than Rs’ prior quarter revenue. 6,377.66 Cr and -17.42% from last year’s sales of Rs. 6,504.46 Cr. The company reported net income after tax of Rs. 534.91 Cr in the previous quarter.

Outlook:

Indian Bank: Experts recommend calling to buy at current market price: Rs. 144.6 with a price target: Rs. 180.

Neutral Petronet LNG Limited:

Petronet LNG Limited

Petronet LNG Ltd. officially announced consolidated sales of Rs. Cr 11,571.34 for the third quarter ended 12/31/2020, which is 1.91% less than the previous quarter. 11,796.58 Cr and 77.90% over the previous year’s sales of Rs. 8,994.39 Cr. The company reported net income after tax of Rs. 867.08 Cr in the previous quarter.

Outlook:

Petronet LNG Ltd: Experts suggested a neutral call at the current market price: Rs. 258.3 with a price target: Rs. 260.

Disclaimer: The perspectives and investment tips in this section are the expert’s own and not those of the website or its management. We encourage our clients to check with certified experts before taking a position in the stocks mentioned.

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