Mahanagar Gas, Gujarat Gas poised for gains as CNG adoption surges; Siddhartha Khemka sees 10-20% upside

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India's City Gas Distribution sector shows resilience. CNG adoption rises with infrastructure growth. Electric vehicle challenges boost CNG appeal. Investor interest renews due to volume growth. Mahanagar Gas and Gujarat Gas are strong buys. Mahanagar aims to add CNG stations. Gujarat Gas targets volume growth via expansion. Both companies are well-placed in the growing gas market.