Mahanagar Gas

Mahanagar Gas shares surged following reports that Morgan Stanley, a New York-based brokerage firm, initiated coverage with an 'Overweight' rating

For Mahanagar Gas, Gail made an upward revision in the APM price by 26 per cent which will be effective from January 16, 2025

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New Delhi, one of world's most polluted cities, was pushed into CNG well over 2 decades ago after a Supreme Court ruling that demanded conversion of all public buses to cope with worsening air quality

State-backed natural gas distributor's profit after tax fell to Rs 283 crore (about $34 million) in the quarter ended Sept. 30 from Rs 339 crore a year earlier, the company said in an exchange filing

Mahanagar Gas and Indraprastha Gas may raise prices of compressed natural gas by up to Rs 6 per litre. Meanwhile, their shares plunged by up to 14 per cent in intraday trading on the BSE on Friday

APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL

According to reports, global brokerage UBS has recommended 'Buy' ratings on IGL and MGL with target prices of Rs 700 per share and Rs 2,400 per share, respectively

Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.

Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.

MGL distributes gas through an extensive CGD network of pipelines, and supplies CNG to 0.77 million vehicles and PNG to 1.53 million domestic households

In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.

Mahanagar Gas Analyst Meet: Mahanagar Gas share price gained 6.3 per cent to Rs 1,468 apiece on the BSE, in Monday's intraday trade

The so-called 'Modi-stocks' have rallied up to 50 per cent in the last six months, suggests a CLSA report. What's in store ahead; here's what the charts suggest.

Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space

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City-gas distributor to apply for a 10-year extension to continue its infrastructure exclusivity in Mumbai

The brokerage believes city gas distribution companies, such as MGL, stand vulnerable to regulatory changes, wherein the government would want consumers to benefit from sectoral reforms

Mahanagar Gas, the city utility arm of Gail India, on Friday announced a joint venture with Baidyanath LNG, the first domestic firm to set up LNG retailing outlets, to form Mahanagar LNG. The joint venture will focus on developing LNG infrastructure to cater to the increasing demand for clean and sustainable energy solutions for the long-haul and close-loop transportation segments, MGL said in a statement. The joint venture aims to set up six LNG stations in Maharashtra in the first phase and subsequently expand its footprint across the country, said MGL managing director Ashu Shinghal, who will also be the chairman of the new entity. GJPN Murthy, the chief executive of the JV company, said the new entity will help develop an LNG ecosystem in the country and assist the long-haul automotive and logistics industry in the adoption of cleaner fuel. Mahanagar Gas is one of the largest city gas distributors. It has over 27 years of experience in supplying natural gas in Mumbai and is ..

Ebitda margin stood at 30.5 per cent in the Q2FY24 as compared to 16.2 per cent in Q2FY23