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MGL rides PNG adoption wave, analysts see further upside

  • Posted on June 30, 2026
  • By Business News Today
  • 0 Views
  • 1 min read
MGL rides PNG adoption wave, analysts see further upside
MGL rides PNG adoption wave, analysts see further upside

Mahanagar Gas shares have surged on government's push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to significantly boost PNG consumption and accelerate volume growth. Despite a recent rally, the stock's valuation remains attractive, with analysts predicting future earnings growth and potential for a re-rating as margin pressures ease.
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Business News Today

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