BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Citi initiates Mahanagar Gas with neutral
Mahanagar Gas is a low risk, good yield play. Volume growth forecast is at around 7 per cent CAGR over FY16-19. Healthy payout will equate to dividend yield support. Mahanagar Gas has a low regulatory risk versus peers. Mahanagar Gas' valuations are at par with IGL.