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Higher gas realisations help Mahanagar Gas beat Q1 estimates; Nomura keeps Buy

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  1. Mahanagar Gas beat Q1 estimates due to higher gas realisations.

  2. Nomura maintained a 'Buy' rating on Mahanagar Gas with a target price of Rs 1,430.

  3. The target price is based on a discounted cash flow method.

  4. The stock trades at an FY28 EV/EBITDA multiple of 6.7 times.

  5. The stock offers an estimated dividend yield of around 2.9%.

3h ago · original ↗
Higher gas realisations help Mahanagar Gas beat Q1 estimates; Nomura keeps Buy · in5points