Why Has JP Morgan Upgraded Petronet LNG to Overweight?
JP Morgan’s Upgrade Rationale
JP Morgan has upgraded Petronet LNG to Overweight and raised its target price to ₹335. The brokerage expects earnings momentum to improve, supported by higher volumes following the commissioning of the 5 MTPA Dahej expansion and a 5 percent tariff escalation.
Lower impairment charges are also expected to contribute to earnings upgrades through FY28.
Key Drivers
🔹 Volume growth post Dahej expansion.
🔹 Tariff escalation supporting margins.
🔹 Lower impairment drag.
JP Morgan notes that concerns around tariff renegotiation and PDH capex remain unresolved, but better near-term earnings should support the stock in the interim.
Energy traders often use a Nifty Trading Tip framework to align with commodity-linked cycles.
Investor Takeaway
Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes that improving earnings visibility and operating leverage strengthen Petronet LNG’s near-term outlook. Volume-led recovery can offset unresolved valuation issues over the medium term. More energy insights are available at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services











