Mahanagar Gas Gains on Citi Outlook, Oil Prices

  Published 1 year ago

Mahanagar Gas rises 2.3% as Citi expects 10%+ volume growth, margin recovery from lower oil prices, and Q1 results shaping FY26.

  • Citi labels MGAS's 10%+ volume growth forecast over 2-3 years as 'healthy'.
  • Margin recovery anticipated as oil prices fall below $70 linked to gas costs.
  • Q1 results may set FY26 tone; clean fuel policies could boost demand.

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