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 shares have seen a significant surge recently, driven by the government's strong push for piped natural gas adoption. This initiative aims to increase the customer base by 20%, promising to boost PNG consumption and accelerate volume growth for MGL. Despite the…
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