External broker reports(aggregated public sources), HDFC Securities

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>Mahanagar Gas (MGL) stock rallied ~26% over the last 6M and outperformed Sensex by ~19%</li><li>We expect this outperformance to sustain, driven by 1) a pick-up in volume growth and 2) robust margins</li><li>The recent Vahan data continues to support our investment thesis with FY24YTD data suggesting a strong trend in new CNG vehicle registrations in MGL’s geographical areas (GAs) which should outpace new CNG vehicle registrations seen in FY23</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>

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 pick-up in volume growth and 2) robust marginsThe recent Vahan data continues to support our investment thesis with FY24YTD data suggesting a strong trend in new CNG vehicle registrations in MGL’s geographical areas (GAs) which should outpace new CNG vehicle registrations seen in FY23Content 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: Robust Volume Growth Outlook