Mahanagar Gas Ltd
MGL

875.65

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

877.05

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 849.00
We recommend an ACCUMULATE as we expect higher demand for CNG vehicles and consequent launch of CNG stations will drive revenues. Additionally, weakening of natural gas prices will help improve EBITDA margins. However, we see limited upside at 17.8x P/E on FY18E earnings. (Target Price – Rs.916)
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50 DMA (.)
786.49
100 DMA (.)
739.31
200 DMA (.)
0.00
Weekly Range (.)
831.25
886.00
Monthly Range (.)
750.00
886.00
52 Weeks Range (.)
492.65
886.00
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