External broker reports(aggregated public sources), HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>The Mahanagar Gas (MGL) stock price rose ~3% and outperformed the Sensex by ~4% in the last 1M</li><li>This positive price movement could be attributed to the CNG price hike undertaken by the company in December 2024</li><li>Going ahead, we expect (i) MGL to replace expensive spot gas purchases with cheaper HPHT domestic gas, (ii) continued strong CNG vehicle registration, accelerated addition of retail outlets, customer additions in the industrial segment, and (iii) volume growth contribution from the acquired three GAs of Unison Enviro (UEPL).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Mahanagar Gas (MGL) stock price rose ~3% and outperformed the Sensex by ~4% in the last 1MThis positive price movement could be attributed to the CNG price hike undertaken by the company in December 2024Going ahead, we expect (i) MGL to replace expensive spot gas purchases with cheaper HPHT domestic gas, (ii) continued strong CNG vehicle registration, accelerated addition of retail outlets, customer additions in the industrial segment, and (iii) volume growth contribution from the acquired three GAs of Unison Enviro (UEPL).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahanagar Gas: Strong CNG vehicle registrations to drive volumes. Maintain BUY