Remain positive amid government distractions

Company
07 Mar 2024
5 Min read 
  • Mahanagar Gas stock price declined after government comments on gas sector reforms.
  •  Market overreaction and profit-booking led to stock price correction.
  •  Current weakness in stock price is a good buying opportunity.
  •  Government's focus on gas volume growth is positive for the company.
  •  Valuations should converge closer to other players in the sector.
  •  Retain BUY rating on Mahanagar Gas.
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