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Motilal Oswal Financial Services recommends a Buy for Gujarat Gas, setting a target price of Rs 475. The brokerage highlights the stock’s recent correction and attractive valuation at 23x 1-yr fwd P/E. Anticipated margin expansion, strong CNG volume growth, and a potential Morbi volume increase from 1QFY26 underpin the positive outlook, suggesting limited downside and potential upside risks.
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