New Delhi, June 10 -- Mahanagar Gas share price in focus today: Mahanagar Gas, which is engaged in the business of City Gas Distribution (CGD), has seen its share price hammered by Dalal Street investors in recent months, resulting in a 30% decline over the past eight months, falling from Rs.1,988 to the current trading level of Rs.1,393 apiece.

The weakness in the stock was driven by pressure on margins due to higher raw material costs, coupled with multiple APM de-allocations and a lack of clarity regarding future APM allocations. However, domestic brokerage firm Motilal Oswal believes the recent correction has made the stock's valuation attractive and maintains a positive stance on the stock.

The brokerage said that company fundament...