Mahanagar Gas shares have surged on government's push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to significantly boost PNG consumption and accelerate volume growth. Despite a recent rally, the stock's valuation remains attractive, with analysts predicting future earnings growth and potential for a re-rating as margin pressures ease.
Mahanagar Gas (MGL) shares surged due to the government's push for piped natural gas (PNG) adoption, targeting a 20% customer base increase. This initiative is set to significantly boost PNG consumption and accelerate MGL's volume growth. Analysts find the stock's valuation…
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