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Stock Of The Day: MGL Needs More Than Morgan Stanley's New Target To Exit 'Bearish' Zone
Mumbai, with its growing population of over 24 million residents and its status as India's financial hub, presents a vast opportunity for MGL, Morgan Stanley said.
14 Jan 2025, 11:02 AM IST 
Mahanagar Gas stock rose 4% in early trade today after Morgam Stanley initiated coverage with overweight. (Photo source: Company website)
New buy rating from Morgan Stanley with a 25% upside potential might fall short of pulling Mahanagar Gas Ltd. from the 'bearish' territory it landed in since falling 45% from its 52-week high.The counter rose over 4% in early trade on Tuesday after the global brokerage initiated coverage with 'overweight' and a target price of Rs 1,606 per share. The target price indicates an upside of 25% from the previous close.While the stock trad...
