Mahanagar Gas News
Bank of Baroda, HPCL, Polycab, Mahanagar Gas among key companies to consider dividend today
Dividend Stocks: Bank of Baroda, HPCL, Polycab and Mahanagar Gas are among the key companies that will consider dividend announcements today. Other prominent companies to consider dividends include Kajaria Ceramics Limited, Radico Khaitan Limited, and Paradeep Phosphates Limited.
1 min read6 May 2025MGL, IGL shares trade at discount despite strong growth outlook. Is this a buying opportunity?
According to the HDFC Securities, MGL and IGL are trading at 10.7x and 14.9x March-26E EPS, respectively, representing a 16% and 23% discount to their five-year averages, despite a strong volume growth outlook in the medium term.
2 min read20 Mar 2025Why are IGL, Mahanagar Gas, Gujarat Gas shares rising from intraday lows? EXPLAINED
Indraprastha Gas share price jumped the most, as much as 6.19%, while Mahanagar Gas share price gained 2.5% and Gujarat Gas stock rose nearly 2%.
1 min read3 Jan 2025City gas distribution stocks climb the wall of worry
Stocks have risen as investors bet on GST rollout and long-term growth, despite near-term margin pressures and rising costs
3 min read19 Dec 2024IGL, Mahanagar Gas, Gujarat Gas stocks fall up to 40% in three months. What lies ahead for these CGD Stocks?
CGD stocks, including Indraprastha and Mahanagar Gas, have experienced a significant decline of 23%-43% over three months. Challenges include reduced APM gas availability and potential regulatory impacts, prompting Elara Capital to downgrade stock ratings and predict ongoing margin pressures.
2 min read21 Nov 2024MGL, IGL & other CGD stocks plunge up to 15% after cut in priority gas allocation
According to analysts, a further 18–20% reduction in APM gas allocation to CGDs, over and above the 13–14% de-allocation announced last month, is a big blow to the structural growth of the sector.
2 min read18 Nov 2024MGL, IGL shares jump 6% each after UBS lifts target price, expects over 30% upside
UBS has upgraded the rating on IGL to 'buy' from the previous rating of 'sell' and also lifted its target price from ₹400 to ₹700. Similarly, it has increased the target price for Mahanagar Gas from ₹1,600 to ₹2,400 per share.
3 min read17 Sep 2024Mahanagar Gas Q4 Results Live : profit falls by 6.16% YOY
Mahanagar Gas Q4 Results Live : Revenue decreased by 0.02% YoY & profit decreased by 6.16% YoY
1 min read11 May 2024Mahanagar Gas stock slumps 16% from recent high; is it a good time to buy?
Nuvama Institutional Equities retained its 'buy' rating on the stock with a target price of ₹1,601 apiece, which signals an upside of 20.5% from the stock's latest closing price. The company is debt-free, with high cash reserves of ₹2 billion plus and a dividend yield of 3%.
3 min read7 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared