Petronet LNG Shares Poised for 16% Jump as JP Morgan Upgrades Rating

• JP Morgan upgraded Petronet LNG's rating to 'Overweight' with a target price of ₹335 per share, indicating a 16% upside.
• The brokerage expects earnings acceleration due to increased volumes from the Dahej expansion becoming operational in March.
• Positive factors include a 5% tariff hike and lower impairment costs, but potential Dahej tariff renegotiation and PDH capital expenditure risks remain.
• Petronet LNG shares rallied up to 4% intraday on January 9, closing over 1% higher at ₹287.40.
• The company reported a standalone revenue of ₹11,009.13 crore and a net profit of ₹805.75 crore for the July-September 2025 quarter.

Why It Matters: JP Morgan's 'Overweight' rating and increased target price suggest a significant upside for Petronet LNG shares.