Very detailed explanation of Petronet LNG business. Looks much better than most of the analyst reports.
In nutshell, the upside looks negligible for the buyers who have bought this at 220 levels 2 years back thinking that, CNG penetration story is strong. With the entry of EV and Hydrogen fuel alternatives, CNG story is already in trouble.
I am not sure whether existing investors should continue holding or better off with some other growth story.
Disc: Holding from 220 levels in 2022 onwards with only 2-3% Dividend Yield as gains.
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