Mahanagar Gas Outperforms Peers Amid Bullish Outlook

  Published 9 months ago

Mahanagar Gas surges 2.3% as Nomura boosts it to top pick over rivals Gujarat and Indraprastha Gas.

  • Nomura cites MGAS's highest volume growth potential and better EV policy positioning than peers.
  • Gujarat Gas downgraded to 'reduce' due to propane competition; Indraprastha Gas faces regulatory hurdles.
  • MGAS up 11% YTD vs. 0.4% for IGAS and 4% for GGAS amid diverging broker ratings.

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