External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Petronet LNG's total volumes were marginally above our estimates. Total sales volumes came in at 218 tbtu compared to 219 tbtu in Q4FY20 (flattish YoY) and 235 tbtu in Q3FY21 (down 7.2% QoQ). While regasification volume at 98 tbtu, better than estimate of 90 tbtu, it declined 8.4% QoQ as higher spot LNG prices led to a dip in demand, mainly from the power sector. The management said that Dahej utilisation is at 88% currently. On account of reduction in demand, we expect regasification volume to remain low in the current quarter.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Petronet LNG's total volumes were marginally above our estimates. Total sales volumes came in at 218 tbtu compared to 219 tbtu in Q4FY20 (flattish YoY) and 235 tbtu in Q3FY21 (down 7.2% QoQ). While regasification volume at 98 tbtu, better than estimate of 90 tbtu, it declined 8.4% QoQ as higher spot LNG prices led to a dip in demand, mainly from the power sector. The management said that Dahej utilisation is at 88% currently. On account of reduction in demand, we expect regasification volume to remain low in the current quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PETRONET: Petronet LNG's total volumes were marginally above our estimates