Latest news with #MahanagarGasLtd
Business Standard
a day ago
- Business
- Business Standard
Mahanagar Gas Ltd slips for fifth straight session
Mahanagar Gas Ltd is quoting at Rs 1375.5, down 0.31% on the day as on 13:19 IST on the NSE. The stock tumbled 25.24% in last one year as compared to a 0.56% slide in NIFTY and a 19.3% fall in the Nifty Energy index. Mahanagar Gas Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1375.5, down 0.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24697.3. The Sensex is at 80986.38, down 0.59%.Mahanagar Gas Ltd has lost around 7.26% in last one Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 4.13% in last one month and is currently quoting at 35250.5, down 0.55% on the day. The volume in the stock stood at 3.09 lakh shares today, compared to the daily average of 7.06 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1375.2, down 0.25% on the day. Mahanagar Gas Ltd tumbled 25.24% in last one year as compared to a 0.56% slide in NIFTY and a 19.3% fall in the Nifty Energy index. The PE of the stock is 12.56 based on TTM earnings ending June 25.
Business Insider
29-06-2025
- Business
- Business Insider
UBS Sticks to Their Buy Rating for Mahanagar Gas Ltd (MGL)
In a report released on June 27, Rwibhu Aon from UBS maintained a Buy rating on Mahanagar Gas Ltd (MGL – Research Report), with a price target of INR1,650.00. The company's shares closed last Friday at INR1,511.80. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Aon is a 2-star analyst with an average return of 7.9% and a 100.00% success rate. Currently, the analyst consensus on Mahanagar Gas Ltd is a Moderate Buy with an average price target of INR1,559.67, a 3.17% upside from current levels. In a report released on June 17, Nomura also upgraded the stock to a Buy with a INR1,680.00 price target. Based on Mahanagar Gas Ltd's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR19.64 billion and a net profit of INR2.47 billion. In comparison, last year the company earned a revenue of INR16.13 billion and had a net profit of INR2.52 billion
Business Standard
24-06-2025
- Business
- Business Standard
Mahanagar Gas Ltd soars 1.34%
Mahanagar Gas Ltd is quoting at Rs 1418.1, up 1.34% on the day as on 12:49 IST on the NSE. The stock is down 5.19% in last one year as compared to a 6.4% spurt in NIFTY and a 10.95% spurt in the Nifty Energy index. Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1418.1, up 1.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.07% on the day, quoting at 25239.9. The Sensex is at 82763.96, up 1.06%. Mahanagar Gas Ltd has risen around 5.72% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 0.1% in last one month and is currently quoting at 35608.95, up 0.67% on the day. The volume in the stock stood at 2.42 lakh shares today, compared to the daily average of 8.05 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1417, up 0.98% on the day. Mahanagar Gas Ltd is down 5.19% in last one year as compared to a 6.4% spurt in NIFTY and a 10.95% spurt in the Nifty Energy index. The PE of the stock is 13.23 based on TTM earnings ending March 25.
Business Upturn
17-06-2025
- Business
- Business Upturn
Mahanagar Gas shares jump 3% as Nomura upgrades stock to ‘Buy' with Rs 1,680 target
By Aman Shukla Published on June 17, 2025, 09:46 IST Mahanagar Gas Ltd (MGL) shares gained 3% in early trade after Japan-based brokerage firm Nomura upgraded the stock to 'Buy' from 'Neutral' and raised its target price to ₹1,680 from ₹1,345. The upgrade positions MGL as Nomura's top pick among city gas distribution (CGD) companies. As of 9:45 AM, the shares were trading 1.42% higher at Rs 1,409.50. According to Nomura, MGL offers the highest expected volume growth among peers, limited exposure to the volatile industrial and commercial (I&C) segment, and trades at an attractive valuation. The brokerage also believes MGL is better positioned than its peers, such as Indraprastha Gas Ltd (IGL), in navigating electric vehicle (EV)-related regulatory risks. The bullish stance reflects strong confidence in MGL's growth trajectory and operational stability in a dynamic energy landscape. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
11-06-2025
- Business
- Time of India
Stock Radar: MGL trades above upwards sloping trendline, reclaims 100-EMA; check target & stop loss
Mahanagar Gas Ltd (MGL) is showing bullish signs, rebounding from Rs 1,300 levels and trading above its 100-day EMA. Experts suggest a potential upside towards Rs 1,490 in the near term, supported by positive momentum and an upward-sloping trendline. Mahanagar Gas Ltd (MGL), part of the gas industry, took support above 100-days Exponential Moving Average (EMA) on the daily charts and traded above the upwards sloping trendline which is a positive sign for the traders can look to buy the stock for a target of Rs 1,490 in the next few weeks, suggest experts. The stock closed at Rs 1,416 on June 9, stock hit a high of Rs 1,988 on September 25, 2024, but it failed to
