Motilal Oswal - MOSL: Morning India (12/September/18): 1. Oil Gas; 2. Hexaware Tech-Corner Office; 3.Motherson Sumi (ART); 4. FoE (Economy); 5. Insurance monthly

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Motilal Oswal

Team Research

MOSL: Morning India (12/September/18): 1. Oil & Gas; 2. Hexaware Tech-Corner Office; 3.Motherson Sumi (ART); 4. FoE (Economy); 5. Insurance monthly

MOrning India (12/September/18): 1. Oil & Gas (Answering growth conundrum for Mahanagar Gas); 2. Hexaware Tech-Corner Office (Upgrade to Neutral); 3.Motherson Sumi (ART); 4. FoE (Economy); 5. Insurance monthly

Today’s top research idea

Oil & Gas: Answering growth conundrum for Mahanagar Gas

British Gas has decreased it's stake in Mahanagar Gas to 10% by August 2018 from 32.5% post IPO in July 2016. MAHGL lacks growth opportunities and is net cash positive.
We expect BG to completely exit post expiry of the lock-in in June 2019. We highlight the possibility of MAHGL acquiring GAIL GAS, wholly owned subsidiary of GAIL which would be a win-win situation for both.
Acquisition of GAIL Gas would help MAHGL with long term growth opportunities, especially Bengaluru and new Geographical Areas on Jagdishpur-Haldia pipeline and those won in ninth round of CGD bidding while GAIL would be able to unlock the value of GAIL Gas for which no value is ascribed currently.

Piping hot news

Supreme Court provides interim relief to stressed power firms

The Supreme Court on Tuesday granted interim relief to stressed power firms, directing lenders to maintain a status quo on the Reserve Bank of India’s circular for banks to resolve these cases within 180 days. The apex court directed that all pleas filed by the central bank related to the February circular should be transferred to it and it will hear the matter on 11 November

12/09/2018 26 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: Morning India (12/September/18): 1. Oil & Gas; 2. Hexaware Tech-Corner Office; 3.Motherson Sumi (ART); 4. FoE (Economy); 5. Insurance monthly

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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