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...
335 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,...
311 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...
231 Views
HSIE Results Daily: Bharat Petroleum Corporation, Eicher Motors
Bharat Petroleum Corporation: We maintain our REDUCE rating on Bharat Petroleum (BPCL), with a target price of INR 550, owing to the risk of (1)...
204 Views
India City Gas Sector: Pessimism Overdone
Indraprastha Gas (IGL) and Mahanagar Gas (MGL) stock prices have seen a ~18/1% correction over the last six months and underperformed Sensex by 25/7%
285 Views