Mahanagar Gas shares have surged on government’s push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to significantly boost PNG consumption and accelerate volume growth. Despite a recent rally, the stock’s valuation remains attractive, with analysts predicting future earnings growth and potential for a re-rating as margin pressures ease.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.