Mahanagar Gas Ltd
MGL

891.45

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

889.50

Open ()
Turnover (lac)
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Buy
Reco. Price
Rs 848.00
We recommend BUY as we expect higher demand for CNG vehicles and consequent launch of CNG stations will drive revenues. Additionally, zero debt and healthy EBITDA margin will boost its bottomline. The stock is trading at 17.8x P/E on FY18E earnings. (Target Price – Rs.933)
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50 DMA (.)
872.79
100 DMA (.)
818.19
200 DMA (.)
0.00
Weekly Range (.)
844.00
907.70
Monthly Range (.)
844.00
907.70
52 Weeks Range (.)
492.65
955.50
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