Mahanagar Gas Rises on Growth Outlook, Analysts' Backing

  Published 1 year ago

Mahanagar Gas climbs 3.8% as analysts cite strong volume growth drivers and maintain buy/hold ratings.

  • Antique and Citi back MGAS for 10 %+ volume growth vs. peers, citing execution and expansion potential.
  • Peers Indraprastha Gas (+1%) and Gujarat Gas (+0.2%) lag behind MGAS's 8% YTD gains.
  • Analysts retain 'buy' (Citi at 1,700) and 'hold' (Antique at 1,444), with a median PT at 1,575 rupees.

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