Edelweiss is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1065 in its research report dated February 13, 2017.
Edelweiss' research report on Mahanagar Gas
We estimate robust 7% volume CAGR over FY16‐21, led by increased coverage in existing circles (Mumbai, Thane) and commissioning of Raigad, while margins will moderate due to projected APM price revival. Maintain ‘BUY’ with DCFbased target price of INR 1,065.
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