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Page 3 - Mahanagar Gas

OPEC+ cuts oil output, gas prices soar: What's next for investors?

OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India

OPEC+ cuts oil output, gas prices soar: What's next for investors?
Updated On : 06 Sep 2022 | 9:38 PM IST

Sensex surges 418 pts, ends above 60K; Bajaj twins, RIL top contributors

CLOSING BELL: Bajaj Finserv (up nearly 6 per cent), Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel, BPCL, and HCL Tech were the top large-cap gainers

Sensex surges 418 pts, ends above 60K; Bajaj twins, RIL top contributors
Updated On : 17 Aug 2022 | 3:34 PM IST

Mahanagar Gas cuts PNG and CNG prices on higher supply from govt

The price of PNG has been reduced by Rs 4 per standard cubic metre to Rs 48.50 per SCM, while that of CNG by Rs 6 a kilogram to Rs 80 per kg, as per an official statement

Mahanagar Gas cuts PNG and CNG prices on higher supply from govt
Updated On : 16 Aug 2022 | 10:10 PM IST

Gas stocks in focus: MGL, IGL may zoom up to 16%; Gujarat Gas faces hurdle

The Oil Ministry has directed to divert natural gas from industries to city distribution companies to cool-off the elevated domestic gas prices

Gas stocks in focus: MGL, IGL may zoom up to 16%; Gujarat Gas faces hurdle
Updated On : 12 Aug 2022 | 12:36 PM IST

MGL, Gujarat Gas: Analysts see some silver lining for downstream gas stocks

Analysts have lowered their earnings estimates, but have 'buy' recommendations for several stocks

MGL, Gujarat Gas: Analysts see some silver lining for downstream gas stocks
Updated On : 09 Aug 2022 | 1:17 AM IST

MGL net falls 9% to Rs 185.20 cr on higher gas cost, revenue up two-folds

MGL said total gas sales jumped nearly 44 per cent to 313.75 million cubic meters with CNG sales soaring 64 per cent. EBITDA fell 6 per cent to Rs 285.55 crore in April-June.

MGL net falls 9% to Rs 185.20 cr on higher gas cost, revenue up two-folds
Updated On : 06 Aug 2022 | 6:44 PM IST

MGL hikes CNG price by Rs 6/kg, PNG by Rs 4 a unit with immediate effect

The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas.

MGL hikes CNG price by Rs 6/kg, PNG by Rs 4 a unit with immediate effect
Updated On : 02 Aug 2022 | 10:51 PM IST

CNG, PNG get more expensive in Mumbai as MGL hikes prices: Check new rates

MGL has increased the retail price of CNG by Rs 4/kg to Rs 80 and that of domestic PNG by Rs 3/SCM (standard cubic metre) to Rs 48.50, in and around Mumbai.

CNG, PNG get more expensive in Mumbai as MGL hikes prices: Check new rates
Updated On : 12 Jul 2022 | 10:35 PM IST

Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total

The outlook for Natural gas stocks looks good. However, these stocks need to cross and sustain above the key levels for renewed buying interest.

Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total
Updated On : 11 May 2022 | 12:34 PM IST

City gas distributor stocks gain up to 9% post March quarter results

At 10:00 am; CGD stocks were up in the range of 4 per cent to 7 per cent, as compared to 0.43 per cent decline in the S&P BSE Sensex.

City gas distributor stocks gain up to 9% post March quarter results
Updated On : 11 May 2022 | 10:18 AM IST

Stocks to Watch: SBI, Cipla, Voda Idea, Gujarat Gas, Zensar, MGL, Welspun

Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.

Stocks to Watch: SBI, Cipla, Voda Idea, Gujarat Gas, Zensar, MGL, Welspun
Updated On : 11 May 2022 | 8:11 AM IST

City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%

On the cost front, CGD companies are expected to incur high gas sourcing costs as spot liquefied natural gas (LNG) prices continue to remain at elevated levels.

City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%
Updated On : 29 Apr 2022 | 11:38 AM IST

CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%

The retail price of compressed natural gas (CNG) is cut by Rs 6 to Rs 60 per kg and domestic piped natural gas (PNG) by Rs 3.50 to Rs 36/scm in and around Mumbai effective Friday

CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%
Updated On : 31 Mar 2022 | 10:33 PM IST

IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market

Reports suggest IGL has announced a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region

IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market
Updated On : 08 Mar 2022 | 11:57 AM IST

Indraprastha, Mahanagar Gas hit 52-week lows on disappointing Q3 results

MGL said the company's Ebitda margins declined in Q3 mainly due to increase in administered pricing mechanism (APM) and market determined gas prices.

Indraprastha, Mahanagar Gas hit 52-week lows on disappointing Q3 results
Updated On : 10 Feb 2022 | 9:56 AM IST

Here's a derivative strategy on Mahanagar Gas by HDFC Securities

The stock price has broken out from the downward sloping trendline, adjoining the highs of June 12, 2021, and August 3, 2021, with higher volumes.

Here's a derivative strategy on Mahanagar Gas by HDFC Securities
Updated On : 03 Sep 2021 | 8:00 AM IST

Weekly stock recommendations by Ajit Mishra: Buy MGL, The Ramco Cements

MGL witnessed a fresh breakout from the consolidation range on June 15 and made new record highs as well

Weekly stock recommendations by Ajit Mishra: Buy MGL, The Ramco Cements
Updated On : 16 Jun 2021 | 8:24 AM IST

Trading calls by Osho Krishan of Anand Rathi: Buy RBL Bank, MGL

MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame

Trading calls by Osho Krishan of Anand Rathi: Buy RBL Bank, MGL
Updated On : 15 Jun 2021 | 8:22 AM IST

Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra

Gujarat Gas, Gujarat State Petronet and Indraprastha Gas rallied up to 18 per cent on the BSE in intra-day trade

Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra
Updated On : 18 Feb 2021 | 11:12 AM IST

Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff

Gujarat Gas soared 19%, Indraprastha Gas hit 10% upper circuit, while Mahangar Gas, Adani Gas and GSPL were up between 9% and 18% on the BSE

Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff
Updated On : 27 Nov 2020 | 9:46 AM IST