Mahanagar Gas: Resilience Amid Regulatory Headwinds. Maintain BUY
We believe the impact of concerns over change in regulations and the recent stock price correction is overdone, which provides a good opportunity...
403 Views
Mahanagar Gas (Q3FY24): Volume Growth Improves. Maintain BUY
Our BUY recommendation on Mahanagar Gas (MGL) with a target price of INR 1,550 is premised on (1) a pick-up in volume growth, (2) robust margin,...
409 Views
Mahanagar Gas: Robust Volume Growth Outlook
Mahanagar Gas (MGL) stock rallied ~26% over the last 6M and outperformed Sensex by ~19%. We expect this outperformance to sustain, driven by 1) a...
279 Views
Mahanagar Gas (Q2FY24): Attractive Valuation. Maintain BUY
Q2FY24 EBITDA, at INR 4.8bn, and APAT, at INR 3.4bn, came well above our estimates, owing to higher-than-expected per unit EBITDA margins and volume.
266 Views
Mahanagar Gas: Risk-Reward Favourable, Upgrade to BUY
Mahanagar Gas (MGL) stock price has corrected ~12% from the highs of August 2023 owing to weaker-than-expected volume growth
398 Views