ICICI Securities maintains a buy call on Mahanagar Gas (MGL) with a target price of Rs 1705, indicating a 28% upside. The brokerage is optimistic about MGL’s long-term prospects, citing strong volume visibility, peer-leading margins, and attractive valuation. They believe the current valuation is significantly below that of its peers, leaving room for growth.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets