homemarket Newsstocks NewsStandout Brokerage Reports: Jefferies reiterates buy on MGL with target price of Rs 1,680
Standout Brokerage Reports: Jefferies reiterates buy on MGL with target price of Rs 1,680
Jefferies has reiterated a buy rating on Mahanagar Gas Ltd (MGL) with a target price of Rs 1,680. The firm has a bull case target of Rs 2,000 on the stock. According to the global brokerage house, the margin expansion is not yet fully priced in by the street and the FY22 EPS consensus is just 7 percent higher than adjusted FY20 EPS.
Jefferies has reiterated a buy rating on Mahanagar Gas Ltd (MGL) with a target price of Rs 1,680. The firm has a bull case target of Rs 2,000 on the stock.
According to the global brokerage house, the margin expansion is not yet fully priced in by the street and the FY22 EPS consensus is just 7 percent higher than adjusted FY20 EPS.
CNBC-TV18’s Nimesh Shah has more details.
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(Edited by : Ajay Vaishnav)
First Published: Feb 5, 2021 10:17 AM IST
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