Gaurav Bissa, Derivatives Analyst at LKP Securities is of the view that Petronet LNG may test Rs 200.
Gaurav Bissa, Derivatives Analyst at LKP Securities told CNBC-TV18, "Target for Petronet LNG is somewhere around Rs 200 and even higher is quite achievable in coming days with a stoploss at Rs 184. It has seen a good amount of correction and has taken a bounce at 200 DMA which is placed around Rs 180. It witnessed some amount of consolidation post the bounce from Rs 180."
"It has given a short-term breakout above Rs 187-188. Volumes have been good, so I expect the momentum to continue in the stock and it can test levels of Rs 200 and above in the coming days," he said.
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