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Analysts turn cautious on Mahanagar Gas amid growth concerns
MarketsMojo issued a Sell call on Mahanagar Gas, warning of valuation risks, weak growth visibility, competitive pressures and limited near-term upside.
MarketsMojo has assigned a Sell rating to Mahanagar Gas citing muted volume growth, margin pressure and limited upside from current levels. The platform flagged rising competition, regulatory risks and slower demand recovery in key urban markets.Despite stable cash flows, valuations appear stretched, while earnings visibility remains weak, prompting analysts to advise caution and consider profit booking at prevailing prices amid uncertain macro energy outlook.