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 has corrected ~36% and underperformed the Sensex by ~34% in the last 3M due to the potential adverse impact of drastic cut in APM gas allocation for city gas sector</li><li>We estimate MGL’s EBITDA could be impacted by as much as INR ~5-5.5/scm due to the reduction in APM gas allocation</li><li>Volume growth could be adversely impacted in the near term as we expect MGL to take further price hikes to offset the rising gas cost</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 has corrected ~36% and underperformed the Sensex by ~34% in the last 3M due to the potential adverse impact of drastic cut in APM gas allocation for city gas sectorWe estimate MGL’s EBITDA could be impacted by as much as INR ~5-5.5/scm due to the reduction in APM gas allocationVolume growth could be adversely impacted in the near term as we expect MGL to take further price hikes to offset the rising gas costContent 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: Reduced APM Gas Allocation—a Near-Term Headwind. Maintain BUY