Mahanagar Gas Ltd- Buy between 800-820
Price range 800-820 has been very strong support for the company, price has bounced from here several times. Again prices are at support, fundamentally company is good, gas volume has also recovered and expected to improve as company adding new customer in its basket. Expanding its presence and capacity. Future outlook is good and valuation is also cheap at this point at 10x vs 3 year average of 14x.
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