Bofa maintained buy on MGL with target price Rs 1,330, citing favorable risk-reward and policy tailwinds

Wed 30 Sep 2026

Target price

1,330 rupees

Volume growth guidance

8 to 9 percent

Spot dependence

2 to 3 percent

Heard on Live TV News Channel between 09:09:08 - 09:10:23 IST.

• BofA maintained a buy rating on MGL with target price of Rs 1,330 per share
• Said risk-reward ratio is favorable from current levels
• Policy tailwinds expected to improve margins ahead, demand not a constraint
• Volume growth guidance intact at roughly 8-9% per annum; spot dependence fallen to 2-3% or lower
• Small quantity of winter gas hedged at fixed prices; some institutional buying seen in peers recently

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