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MGL vs IGL vs Gujarat Gas: Why Nomura picks one stock as biggest beneficiary of new APM incentive

Posted on August 21, 2026
By Financial Express
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1 min read

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MGL vs IGL vs Gujarat Gas: Why Nomura picks one stock as biggest beneficiary of new APM incentive

Nomura sees Mahanagar Gas as the biggest beneficiary of the new APM gas incentive for city gas distributors. Here’s why MGL could gain more than IGL and Gujarat Gas.