Mahanagar Gas
Mahanagar Gas (MGL) share price: BUY with price target of Rs 1450, says Sharekhan; Know key positive and negative indicators
Wed, May 26, 2021
Brokerage firm Sharekhan maintains Buy rating on MGL with an unchanged price target of Rs 1450. Nevertheless, valuation is attractive at 12.2x its FY2023E EPS [steep discount of 45% to that Indraprastha Gas Limited (IGL) on FY2023E PE basis], given industry-leading margins high RoE/RoCE of 24%/30% and FCF yield of 4-5%
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Mahanagar Gas share price soars 5%: Jefferies says BUY, price target of Rs 1680
Tue, May 25, 2021
Jefferies says that Mahanagar Gas volumes missed Jefferies estimates by 4% leading to a 3% miss on EBITDA even though gross and EBITDA margin were 3%/2% ahead. Final dividend at only Rs 14/sh (2% div yield) is disappointing after a special div last year. Jefferies had already cut FY22E EPS by 12% last week amid COVID 2nd wave and now modestly raised FY22-23E EPS by 1% (higher margin) leading to 1% higher Rs 1680 price target
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Mahanagar Gas share price: Sharekhan maintains a Buy rating with a revised price target of Rs 1450
Mon, Mar 15, 2021
Mahanagar Gas has witnessed sharp recovery in high margin CNG volumes to more than 90% of pre-COVID-19 levels, while domestic PNG volumes is witnessing strong growth of 12-15%. Improving volume and sustainable high margin (recently undertaken a price hike of Rs. 1.5/kg for CNG and Rs. 0.95/scm for domestic PNG) bode well for strong growth in earnings in the coming quarters.
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Mahanagar Gas (MGL) share price: Jefferies says maintain Buy with Rs 1700 price target
Wed, Feb 10, 2021
Mahanagar Gas EBITDA was up 22% yoy despite a 9% yoy decline in volumes helped by margin expansion and came broadly in-line with Jefferies but 14% ahead of consensus. As flagged recently, Jefferies continues to expect consensus earnings upgrades and note that Mahanagar Gas stock could outperform due to a 25% consensus EPS upgrade even if "valuation" does not re-rate.
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Mahanagar Gas Share Price: CLSA sees 55% return from here on - big news for investors
Wed, Nov 18, 2020
Mahanagar Gas’ Q2 FY21 EBITDA stood 44% ahead led by higher volume and margins with the unit EBITDA margin spiking to a record high. The volume recovery surprised positively with Nov sales rising above the pre-Covid-19 level. OMCs have raised demands for higher commissions but management is confident it can pass this on to consumers.
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WATCH: Top 5 corporate stories of the day; From Adani Transmission plans to buy stake in GMR Energy to Supreme Court's penalty on Unitech
Fri, Jul 01, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top 5 corporate stories of the day: 1. Adani Transmission buys stake in GMR Energy
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WATCH: Top 5 market headlines so far; From Nifty opening above 8,300 to Maruti Suzuki reporting 14% drop in June sales
Fri, Jul 01, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top 5 market headlines so far: 1. Nifty opens above 8,300, Sensex above 27,000
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WATCH: Top headlines this morning; From international markets updates to listing of Mahanagar Gas IPO
Fri, Jul 01, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top headlines this morning: 1. Strong cues from global markets, SGX Nifty flat
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WATCH: Top 5 stories of the day; From global markets cautious before Brexit to govt likely to announce new textile policy
Wed, Jun 22, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Today's top five stories: 1.Global markets cautious before Brexit
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WATCH: Top stories this afternoon; From market under pressure to spectrum auction on Cabinet's agenda
Tue, Jun 21, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Today's top news stories: 1.Market under pressure on profit booking
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WATCH: Top stories this afternoon; From markets opening flat to FSSAI banning usage of Potassium Bromate
Tue, Jun 21, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Today's top developments: 1. Market opens flat on mixed Asian cues
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