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Reliance Securities: No Respite In Sight For Mahanagar Gas

Total sales volume of Mahanagar Gas is expected to clock only 3% CAGR over FY20-23 due to three factors, Reliance Securities says.

Workers refuel auto rickshaws at a Mahanagar Gas Ltd. gas station in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
Workers refuel auto rickshaws at a Mahanagar Gas Ltd. gas station in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
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