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Mahanagar Gas Shares Can Rally 37% Says Motilal Oswal; Stock Remains Top Pick Among CGDs

Mahanagar Gas’s foray into battery manufacturing, LNG, and CBG businesses shall provide a boost to earnings in the long run, adds the brokerage.

<div class="paragraphs"><p>Mahanagar Gas remains well-positioned among CGDs with a strong volume growth outlook, limited EV/alternate&nbsp;fuel substitution risk, and emerging regulatory tailwinds. </p><p>&nbsp;(Photo source: Mahanagar Gas website)</p></div>
Mahanagar Gas remains well-positioned among CGDs with a strong volume growth outlook, limited EV/alternate fuel substitution risk, and emerging regulatory tailwinds.

 (Photo source: Mahanagar Gas website)

Mahanagar Gas is set to deliver robust earnings growth, driven by aggressive CNG network expansion, improving throughput at existing stations, and strategic land tie-ups that strengthen long-term visibility.
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