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Mahanagar Gas

Indraprastha Gas, Mahanagar Gas slump up to 20% after APM gas allocation reduced for second straight month

Indraprastha Gas, Mahanagar Gas slump up to 20% after APM gas all...

Mon, Nov 18, 2024

Amid supply cut, city gas distribution companies saw a sharp cut in share price in Monday's session.

Indraprastha Gas zooms up to 6% as UBS upgrades stock to 'buy'; MGL hits new 52-week high

Indraprastha Gas zooms up to 6% as UBS upgrades stock to 'bu...

Tue, Sep 17, 2024

As UBS believes new geographical reach as well as infrastructure expansion will drive volume growth for the company, MGL scaled a new 52-week high today.

CNG becomes more expensive in Mumbai, new MGL prices to take effect at midnight; check latest rates

CNG becomes more expensive in Mumbai, new MGL prices to take effe...

Mon, Jul 08, 2024

CNG Price Hike Mumbai: After an increase in input costs, Mahanagar Gas Ltd (MGL) has announced a hike in CNG prices in Mumbai by Rs 1.50 per kg and in the rate of piped cooking gas to households by Re 1. These revised prices will take effect from the night of July 8 to July 9. Mahanagar Gas Ltd serves Mumbai and its neighboring cities by retailing CNG for automobiles and providing piped natural gas for cooking purposes.

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Stock of the day : Anil Singhvi recommends buying Mahanagar Gas

Stock of the day : Anil Singhvi recommends buying Mahanagar Gas

Mon, Jun 10, 2024

Stock of The Day: Today Anil Singhvi gave buying advice in Mahanagar Gas. What is stoploss and targets? See in this video.

HPCL, BPCL, IOCL gain as Citi remains bullish on OMCs; Mahanagar Gas also rises

HPCL, BPCL, IOCL gain as Citi remains bullish on OMCs; Mahanagar...

Wed, Mar 27, 2024

The brokerage believes that OMCs will benefit from a discernible shift in the government's stance towards public sector undertakings (PSUs).

IGL, MGL: City gas distribution firms' shares in focus for 2nd straight day; check out the reasons

IGL, MGL: City gas distribution firms' shares in focus for 2...

Thu, Mar 07, 2024

IGL, MGL share price: In the previous session, Mahanagar Gas saw a steep cut of over 15 per cent as Citi downgraded the stock to sell with a target price of Rs 1,405.

Mahanagar Gas shares hit 15% lower circuit as Citi downgrades to 'sell'

Mahanagar Gas shares hit 15% lower circuit as Citi downgrades to...

Wed, Mar 06, 2024

At around 10:29 a.m., shares of Mahanagar Gas traded 15 per cent or Rs 234.7, lower at Rs 1330.15 apiece. The market capitalisation of the company at around the same time stood at Rs 13,138.93 crore.

Rs 12 Interim Dividend PSU Stock: Mahanagar Gas Limited sets record date - Check Details

Rs 12 Interim Dividend PSU Stock: Mahanagar Gas Limited sets reco...

Thu, Jan 25, 2024

Mahanagar Gas Limited Dividend History: The public sector undertaking (PSU) has reported a consolidated net profit of Rs 317.18 crore in the December 2023 quarter.

MGL shares jump after company posts 84% surge in Q3 profit; global brokerages upbeat

MGL shares jump after company posts 84% surge in Q3 profit; globa...

Wed, Jan 24, 2024

The company’s revenue during the period under review, however, took a hit and came in lower at Rs 1,723.77 crore in comparison to Rs 1,838.44 crore recorded last year.

MGL shares jump over 6% on strong March quarter numbers

MGL shares jump over 6% on strong March quarter numbers

Tue, May 09, 2023

MGL share price: On Monday, May 8, 2023, Mahanagar Gas Ltd released its results for Q4FY23 which showed that the company registered a 104 per cent jump in PAT.

Which stocks to buy? SBI, Godrej Consumer, MGL, other shares analysts recommend buying

Which stocks to buy? SBI, Godrej Consumer, MGL, other shares anal...

Tue, Mar 28, 2023

Stocks to buy today: In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Himanshu Gupta and Avinash Gorakshakar share their top recommendations for the March 28 session.

These 4 PSU energy stocks have potential to yield up to 30% returns

These 4 PSU energy stocks have potential to yield up to 30% retur...

Wed, Mar 15, 2023

Sid ki SIP: Market expert Siddharth Sedani has recommended buying shares of BPCL, IOC, Mahanagar Gas and Chennai Petro in 'Sid ki SIP' a special segment aired on Zee Business-- check target price

MGL shares scale 52-week peak with huge volumes — what's keeping the Street excited

MGL shares scale 52-week peak with huge volumes — what's kee...

Mon, Mar 06, 2023

MGL share price: Mahanagar Gas Ltd (MGL) has signed an agreement to acquire a 100 per cent stake city gas distributor Unison Enviro, a subsidiary of Ashoka Buildcon.

Zee Biz Exclusive: Government Approves $4-$6.50/MMBtu Floor Price On Natural Gas

Zee Biz Exclusive: Government Approves $4-$6.50/MMBtu Floor Price...

Mon, Feb 13, 2023

Big news has come for IGL, Mahanagar Gas. Government has approved $4-$6.50/MMBtu floor price on natural gas. The recommendations of the Kirit Parekh Committee were approved by the Ministry of Petroleum. From 2027, APM has also been approved to be removed. Know the complete news from Tarun Sharma.

Gujarat Gas, Mahanagar Gas & IGL surge up to 4% – here is why; ICICI Securities recommend this

Gujarat Gas, Mahanagar Gas & IGL surge up to 4% – here is why...

Wed, Nov 30, 2022

Individually, shares of Indraprastha Gas gained by over 4 per cent to Rs 452 per share, followed by Mahanagar Gas up nearly 3 per cent to Rs 922 per share and Gujarat Gas up 2 per cent to Rs 508 per share on the exchanges intraday.

Gujarat Gas, Mahanagar Gas and IGL may see positive impact of gas price revision – know what analyst says I check target price

Gujarat Gas, Mahanagar Gas and IGL may see positive impact of gas...

Tue, Nov 29, 2022

A government-appointed gas price review panel, led by Kirit Parikh, is recommending a floor and ceiling price for natural gas produced from legacy fields of state-owned firms for five years to help moderate CNG and piped cooking gas rates

Mahanagar Gas, IGL, Gujarat Gas shares fall up to 4.5% - ICICI Securities recommends HOLD

Mahanagar Gas, IGL, Gujarat Gas shares fall up to 4.5% - ICICI Se...

Mon, Oct 03, 2022

The government sets the price of gas every six months -- on April 1 and October 1 -- each year based on rates prevalent in gas surplus nations.

Mahanagar Gas, IGL, Gujarat Gas shares surge up to 5% - HDFC Securities says this in sectoral update

Mahanagar Gas, IGL, Gujarat Gas shares surge up to 5% - HDFC Secu...

Tue, Sep 27, 2022

Individually, shares of Mahanagar Gas (MGL), Indraprastha Gas (IGL), and Gujarat Gas Company were up between 4-5 per cent on the BSE intraday.

City gas stocks in focus: Gujarat Gas, MGL, IGL surge up to 5.5% as government raises allocation – brokerages recommend this

City gas stocks in focus: Gujarat Gas, MGL, IGL surge up to 5.5%...

Thu, Aug 11, 2022

The Ministry of Petroleum and Natural Gas in a notification issued on Wednesday amended an earlier order to increase allocation of domestically produced gas to city gas operators, as per the news agency PTI report.

Brokerage sees robust gas demand at 6.1% CAGR over next 8 years; maintains buy on GAIL, MGL, Gujarat Gas and Petronet

Brokerage sees robust gas demand at 6.1% CAGR over next 8 years;...

Wed, Jun 29, 2022

After a three-day back-to-back rally, oil prices declined on Wednesday as concerns about the global economy weighed while tight supply curbed losses

Mahanagar Gas (MGL) share price: BUY with price target of Rs 1450, says Sharekhan; Know key positive and negative indicators

Mahanagar Gas (MGL) share price: BUY with price target of Rs 1450...

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%

Mahanagar Gas share price soars 5%: Jefferies says BUY, price target of Rs 1680

Mahanagar Gas share price soars 5%: Jefferies says BUY, price tar...

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

Mahanagar Gas share price: Sharekhan maintains a Buy rating with a revised price target of Rs 1450

Mahanagar Gas share price: Sharekhan maintains a Buy rating with...

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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