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Mahanagar Gas: From Growth Story To Now A Dividend Play

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In the four years since listing, the volatility in the share prices of Mahanagar Gas is much more compared to its peers – Indraprastha Gas Ltd. and Gujarat Gas Ltd.

Share prices of Mumbai’s only city gas distribution company jumped 3 times to its IPO issue price in the first 17 months of trade. However, currently, the share prices are trading only 2 times higher – which is definitely not bad given the fact that the Indian benchmark index – Nifty 50 – has gained only 40% in the same time period . . .

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