Petronet LNG: diamond-shaped pattern

Nomura Research and Motilal Oswal Securities have upheld their ‘neutral’ stance, while Jefferies India and Antique Stock Broking have retained their ‘buy’ recommendations intact. Nuvama Research, on the other hand, has remained steadfast in its ‘hold’ classification for the stock.

All of these brokerage firms have maintained their previously set target prices for the stock, except for Nomura Research, which anticipates an 11 percent increase to Rs 260 per share. According to Bloomberg, the stock currently boasts 19 ‘buy,’ 13 ‘hold,’ and four ‘sell’ ratings.

You can observe an uncommon diamond-shaped pattern emerging on the price chart of Petronet LNG.

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