Prabhudas Lilladher is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 914 in its research report dated November 28, 2016.
Prabhudas Lilladher's research report on Mahanagar Gas
We maintain our earnings for FY17/18E and expect 16.2% CAGR earnings growth over FY16‐18E. Maintain "BUY" with a three year DCF‐based PT of Rs 914 (Rs 654 earlier); we also cut the WACC to 9.7% (11% earlier) to factor in lower yields.
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