ADVERTISEMENT

Mahanagar Gas Gets A 'Buy' Rating From HDFC Securities, Revises Target Price

The company's stock price has corrected ~36% and underperformed the Sensex by ~34% in the last three months due to the potential adverse impact of drastic cut in APM gas allocation for city gas sector

<div class="paragraphs"><p>Stocks to Buy: Mahanagar Gas Ltd.'s reduced APM gas allocation—a near-term headwind.</p><p>(Representative image. Photo source: Mahanagar Gas website)</p></div>
Stocks to Buy: Mahanagar Gas Ltd.'s reduced APM gas allocation—a near-term headwind.

(Representative image. Photo source: Mahanagar Gas website)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More