Stocks on brokerages’ radar for January 15 – Times of India
Morgan Stanley has initiated its coverage of Mahanagar Gas with an ‘overweight’ rating and a target price of Rs 1,606 (+26%). Analysts feel with Mumbai’s ever-expanding need for natural gas that the company facilitates, it’s both MGL and Mumbai’s ‘Tesla-like moment’ for gas adoption. They believe MGL’s margin would be lower but volume growth will…