Mahanagar Gas Makes Blockbuster Debut, Shares Jump Over 30%

Mahanagar Gas made a blockbuster debut on stock markets today. Its shares jumped over 30 per cent to an intraday high of Rs 548.95 against its issue price of Rs 421.  Analysts believe that Mahanagar Gas is a long-term growth story as still a lot of vehicles in Mumbai are yet to be converted to CNG.  "We think it is a good long term growth story. It is a cash rich company, which will generate free cash continuously going forward and...