External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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.

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 rallied ~43% and outperformed the Sensex by ~34% in the last 3M</li><li>We expect strong volume growth to continue to drive stock price outperformance</li><li>We anticipate that the robust CNG vehicle registration data, accelerated infrastructure rollout in existing geographical areas (GAs), volume growth contribution from the acquired three GAs of Unison Enviro (UEPL) and competitive CNG price vs petrol/diesel will support strong volume growth of 10.4% CAGR over FY24-26E</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 rallied ~43% and outperformed the Sensex by ~34% in the last 3MWe expect strong volume growth to continue to drive stock price outperformanceWe anticipate that the robust CNG vehicle registration data, accelerated infrastructure rollout in existing geographical areas (GAs), volume growth contribution from the acquired three GAs of Unison Enviro (UEPL) and competitive CNG price vs petrol/diesel will support strong volume growth of 10.4% CAGR over FY24-26EContent 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: Volume Growth Picking Up, Maintain Buy