Motilal Oswal's research report on Mahanagar Gas
Mahanagar Gas Ltd. (MAHGL) held an analyst meet on 7th Jun’24 which was attended by the senior management of the company. Management reiterated: 1) an overall 6-7% volume growth target, with at least 10% volume growth from the recently acquired UEPL, 2) the current APM gas allocation stands at ~70% and the shortfall is being compensated by additional HPHT volumes, and 3) INR10b of capex that was guided for FY25, of which INR2b will be allocated to UEPL.
Outlook
We have a BUY rating on MAHGL with a TP of INR1,565.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
