Buy Mahanagar Gas, target price Rs 2,000: HDFC Securities

HDFC Securities recommends a buy on Mahanagar Gas with a target price of Rs 2,000. Currently trading at Rs 1,240.05, the mid-cap company's latest financials show a 13.53% increase in total income and a net profit of Rs 283.50 crore for Q2FY25. Promoters hold 32.5% stake, while FIIs own 34.2%, and DIIs have 15.45%.