Mahanagar Gas Limited (BOM:539957)
India
· Delayed Price · Currency is INR | Market Cap | 130.69B |
| Revenue (ttm) | 69.12B |
| Net Income (ttm) | 10.46B |
| Shares Out | n/a |
| EPS (ttm) | 105.86 |
| PE Ratio | 12.50 |
| Forward PE | n/a |
| Dividend | 30.00 (2.23%) |
| Ex-Dividend Date | Feb 3, 2025 |
| Volume | 54,467 |
| Average Volume | 21,536 |
| Open | 1,300.00 |
| Previous Close | 1,294.35 |
| Day's Range | 1,297.00 - 1,354.10 |
| 52-Week Range | 1,075.00 - 1,988.55 |
| Beta | n/a |
| RSI | 50.96 |
| Earnings Date | May 8, 2025 |
About Mahanagar Gas
Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households for cooking and water heating, as well as for nursing homes, flight kitchens, and places of worship; commercial establishments, including hospitals, hotels, restaurants, and charitable trusts; and industries, such as metals, pharmaceuticals, printing and dyeing, food and beverages, oil mills, FMCG product manufacturers, power generation, and air-conditioning. It also provides compressed natural gas (... [Read more]
Financial Performance
In 2023, Mahanagar Gas's revenue was 62.90 billion, a decrease of -0.15% compared to the previous year's 62.99 billion. Earnings were 12.76 billion, an increase of 61.56%.
Financial StatementsNews
Top stocks to buy today: Stock market recommendations for April 17, 2025
Jefferies is bearish on Mahanagar Gas due to reduced APM gas allocation, while Nuvama cuts ICICI Lombard's target despite premium growth. Nomura is bullish on Aditya Birla Real Estate, citing strong p...
Mahanagar Gas shares tumble over 5% as APM gas cut triggers cost pressure; Jefferies, CLSA warn of margin squeeze
Shares of Mahanagar Gas Ltd (MGL) slumped over 5% to ₹1,247 in early trade on Tuesday, after the company revealed a significant reduction in its allocation of low-cost APM (Administered Price Mechanis...
Mahanagar Gas share under pressure as Jefferies warns of margin squeeze despite volume growth
Jefferies has maintained an ‘Underperform’ rating on Mahanagar Gas Ltd (MGL), citing cost pressure concerns amid a change in gas allocation dynamics. The brokerage has set a target price of ₹1,220, wh...
CLSA on oil & gas stocks: IGL, MGL face higher gas cost after allocation cut; ONGC to benefit from reclassification
Brokerage firm CLSA has flagged critical changes in the domestic gas allocation for city gas distributors, highlighting implications for Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL), and Oil an...
Stock recommendations by brokers: IndusInd Bank, ICICI Pru Life, Mahanagar Gas, ONGC, ICICI Lombard, AB Real Estate in focus on April 16
Brokerage houses have issued fresh notes on several frontline stocks based on earnings reports, operational updates, and regulatory actions. Here are key stocks to watch today, April 16, 2025, based o...
Stocks to watch today: PB Fintech, NHPC, IRB Infra, BEL, Oil India, Mahanagar Gas, Adani Total Gas in focus on April 16
A host of corporate developments and regulatory updates are likely to steer stock-specific action in today’s session, April 16, 2025. Here are the key stocks in focus, categorized by the nature of the...
MGL shares in focus as government cuts APM gas allocation by 18% from April 16
Mahanagar Gas Limited (MGL) has informed the exchanges that the allocation of Administrative Price Mechanism (APM) natural gas to the company has been reduced by approximately 18%, effective April 16,...
Mahanagar Gas to receive 18% lower APM gas allocation from April 16
Mahanagar Gas Limited (MGL) has notified the exchanges that the allocation of Administrative Price Mechanism (APM) natural gas to the company will be reduced by approximately 18% starting April 16, 20...
Mahanagar Gas shares dip over 3% from day’s high after reports suggest APM gas allocation cuts
Shares of Mahanagar Gas Limited (MGL) fell over 3% from the day’s high of ₹1,286 to ₹1,256 in Friday’s trade, despite opening on a positive note. The stock was last seen trading 0.91% higher, but off ...
MGL shares surge 3% as Axis Capital initiates Buy call with target price of Rs 1,580
Shares of Mahanagar Gas Ltd (MGL) climbed 3% after Axis Capital initiated coverage on city gas distribution (CGD) companies, highlighting strong growth potential driven by expansion, competitive prici...
Investec upgrades Gujarat State Petronet, Mahanagar Gas; sees buying opportunity in gas stocks
Investec has upgraded its ratings on Gujarat State Petronet (GSPL) and Mahanagar Gas (MGL), citing a buying opportunity amid recent corrections in gas stocks. Key Takeaways from Investec’s Report on G...
Utility waives security deposit for eateries switching to cleaner PNG
Mumbai: Aligning with the Bombay high court's directive and BMC's mandate to promote clean fuel, Mahanagar Gas Ltd (MGL) has reviewed and revised its .
Citi on CGDs: IGL, MGL to benefit from competition; Gujarat Gas faces higher risk
Citi has highlighted that the end of exclusivity for city gas distribution (CGD) companies should be seen as an opportunity rather than a threat. The brokerage believes that this shift will allow esta...
Mahanagar Gas shares jump 3% on Q3 FY25 results
Mahanagar Gas Limited (MGL) shares jumped 3% following its Q3 FY25 earnings. Despite a 20.1% sequential decline in standalone net profit to ₹225.4 crore for the October-December period, investor senti...
CLSA on MGL: Maintains ‘Outperform’ rating, expects 34.1% upside in stock price, cites margin surprise as key driver
CLSA has maintained its ‘Outperform’ rating on Mahanagar Gas Limited (MGL) and set a target price of ₹1,710, implying an upside of 34.1% from the current market price of ₹1,275.10. The brokerage highl...
Buy or sell: Stocks on brokerages’ radar for today
J P Morgan recommends buying Swiggy and Zomato stocks due to attractive entry points and positive ramp-up strategies. CLSA suggests an ‘outperform’ rating on HDFC Life despite a growth slowdown. HSBC ...
Morgan Stanley on MGL Stock: Maintains overweight rating, expects 24% upside potential – check target price
Morgan Stanley has reiterated its overweight rating on Mahanagar Gas Limited (MGL) with a target price of ₹1,606, implying a 24% upside from the current market price (₹1,293.80). Key highlights from t...
MGL shares jump over 3% after Morgan Stanley initiates ‘Overweight’ call
Mahanagar Gas Ltd (MGL) shares surged over 3% on January 14, trading at ₹1,268.60 following a bullish outlook from Morgan Stanley. The brokerage initiated an ‘Overweight’ rating on the stock, setting ...
Morgan Stanley sees 30% upside in MGL shares, initiates ‘Overweight’ call
Morgan Stanley has initiated an 'Overweight' rating on Mahanagar Gas Ltd (MGL), setting a target price of ₹1,606.
Stocks To Watch on January 10: TCS, GTPL, IREDA, IRB Infra, Adani Total and more
Green Godrej Properties: Acquires a 24-acre land parcel in Indore, estimating a revenue potential of ₹500 crore. Mahanagar Gas Ltd (MGL): Domestic gas allocation at APM price increased from 37% to 51%...
Mahanagar Gas announces 26% increase in domestic gas allocation
Mahanagar Gas Limited (MGL) has announced a significant update regarding domestic gas allocation. As per the latest communication from GAIL (India) Limited, the nodal agency for domestic gas allocatio...
CNG price up 1 to 78/kg, auto drivers want fare hike
Mumbai: In just over a month, Mahanagar Gas Ltd (MGL) announced a further hike of a rupee per kg in CNG prices across the Mumbai Metropolitan Region t.
Nifty Oil & Gas slips 0.18% as Mahanagar Gas, Gujarat Gas lead declines; BPCL gains marginally
The latest data for Nifty Oil & Gas stocks is as follows: Company LTP (₹) % Change Adani Total Gas 671.20 0.04% Aegis Logistics 805.30 -1.02% BPCL 293.05 0.36% Castrol 196.90 -0.70% GAIL 196.82 -0.63%...
Mahanagar Gas Limited (MGL) releases exclusive helpline for reporting unsafe digging near pipeline
Mahanagar Gas Limited (MGL) has relaunched its 'MGL Sahayogi' initiative with a new helpline number, 1800 2100 2100, to encourage public reporting of unsafe digging. The campaign, featuring actor Shiv...
MGL shares surge nearly 2% after company hikes CNG prices by Rs 2/kg
Mahanagar Gas Limited (MGL) shares jumped nearly 2% following a ₹2 per kilogram increase in the price of Compressed Natural Gas (CNG) in Mumbai and surrounding areas. Effective immediately, the price ...