Mahanagar Gas Ltd - Robust Fundamentals at Attractive Valuation; Initiate with BUY

Equity Bottom-Up

240 Views05 Sep 2025 04:58

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We initiate coverage on Mahanagar Gas Limited (MGL) with a BUY recommendation and a target price of Rs 1,540/share, implying a potential upside of 20% from the current market price (CMP).

What is covered in the Full Insight:

Introduction to Mahanagar Gas Ltd
Market Position and Strategic Advantage
Growth Projections and Financials
Expansion Plans and Infrastructure Goals
Risk Factors and Considerations

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