Mahanagar Gas rose 1.93% to Rs 975.20 at 11:07 IST on BSE after net profit increased 17.87% to Rs 99.47 crore on 2.57% rise in total income to Rs 538.28 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours on Friday, 26 May 2017.Meanwhile, the S&P BSE Sensex was up 24.87 points or 0.08% at 31,053.08. The S&P BSE Mid-Cap index was down 107.57 points or 0.74% at 14,412.33.
On the BSE, 16,000 shares were traded on the counter so far as against the average daily volumes of 19,929 shares in the past one quarter. The stock had hit a high of Rs 988 and a low of Rs 966 so far during the day. The stock had hit a record high of Rs 1053.20 on 28 April 2017 and a record low of Rs 493.20 on 13 July 2016.
The stock had underperformed the market over the past one month till 26 May 2017, sliding 6.01% compared with 2.97% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 10.77% as against Sensex's 7.39% gains.
The mid-cap company has equity capital of Rs 98.78 crore. Face value per share is Rs 10.
Mahanagar Gas said that the board of directors of the company has recommended a final dividend of Rs 11 per equity share for the financial year ended 31 March 2017.
More From This Section
Mahanagar Gas (MGL) is one of India's leading natural gas distribution companies. MGL is a joint venture between GAIL (India) and BGAPH (a subsidiary of Royal Dutch Shell Plc).
Powered by Capital Market - Live News