[ad_1] Shares of Mahanagar Gas Ltd. declined as much as 5% on Wednesday, April 9, following an increase in the price of compressed natural gas (CNG) in the Mumbai Metropolitan Region (MMR). The city gas distributor has increased the CNG price by ₹1.50 to ₹79.50 per kg. Similarly, the price of piped natural gas (PNG), […]
Mahanagar Gas shares gain 2% after BMC’s deadline on clean fuel adoption – CNBC TV18
[ad_1] Shares of CNG retailer Mahanagar Gas Ltd gained 2% following the announcement from the Brihanmumbai Municipal Corporation (BMC) mandating the switch to clean and eco-friendly fuels by July 8, 2025. Company Value Change %Change The directive, issued to all eateries, bakeries, hotels, and roadside vendors in Mumbai, requires them to transition to Compressed Natural […]
Mahanagar Gas Q3 Results | Declares dividend; net slides 30% but tops estimates – CNBC TV18
[ad_1] City gas distributor Mahanagar Gas Ltd on Tuesday (January 28) reported a 28.9% year-on-year (YoY) decline in net profit at ₹225.4 crore for the third quarter that ended on December 31, 2024, against ₹317.18 crore in the year-ago quarter. The CNBC-TV18 poll had predicted a profit of ₹185 crore for the quarter under review. […]
Stock Buy and Sell: Analysts recommend buying Bajaj Finance, Eicher Motors, MGL and selling Coforge, Ashok Leyland – CNBC TV18
[ad_1] SUMMARY On Friday, market tech analysts Manas Jaiswal, Mitessh Thakkar and Shrikant Chouhan recommended these stocks for the short term. By CNBCTV18.com January 10, 2025, 3:42:14 PM IST (Updated) 1 / 13 Technical analysts Manas Jaiswal of manasjaiswal.com, Mitessh Thakkar of earningwaves.com and Shrikant Chouhan of Kotak Securities share these top stock picks for the […]
IGL, MGL shares may rise up to 34%, Emkay says, expecting a strong Q4 – CNBC TV18
[ad_1] Shares of city gas distribution (CGD) companies, Mahanagar Gas (MGL) and Indraprastha Gas (IGL), dropped by up to 2% in Friday’s intraday trading. Company Value Change %Change IGL shares were upgraded to ‘Add’ from ‘Reduce,’ with a 17% increase in the price target to ₹450, suggesting a 7% potential upside. MGL shares were also […]
Mahanagar Gas secures 26% increase in APM gas allocation – CNBC TV18
[ad_1] CNG retailer Mahanagar Gas Ltd (MGL) on Thursday (January 9) announced a significant increase in its allocation of domestic gas at administered price mechanism (APM) prices, following a communication from GAIL (India) Ltd, the nodal agency for domestic gas distribution. Company Value Change %Change Effective January 16, 2025, the allocation has risen by 26%, […]
What triggered the recovery in shares of IGL, MGL and Gujarat Gas? – CNBC TV18
[ad_1] Shares of Indraprastha Gas Ltd. (IGL), Mahanagar Gas Ltd. (MGL) and Gujarat Gas Ltd. have recovered from the lows of the day with IGL outperforming its peers after a new government order with regards to the supply of LPG to these companies. Company Value Change %Change The government has asked GAIL and ONGC to […]
Is the MGL price hike sufficient to cover for the loss in domestic gas allocation? – CNBC TV18
[ad_1] Shares of Mahanagar Gas Ltd. (MGL) fell on Friday, December 27, after the company raised compressed natural gas (CNG) prices by ₹1 per kg in the Mumbai Metropolitan Region, effective December 22. This comes after a ₹2 per kg hike on November 24. Company Value Change %Change The new CNG price is ₹78 per […]
Analyst recommends buying Infosys and selling HFCL, Mahanagar Gas, ACC – CNBC TV18
[ad_1] 1 / 7 Technical analyst Mitessh Thakkar of earningwaves.com share his top stock picks for the day. 2 / 7 Sell for a target price of ₹110 with a stop loss of ₹125 Analyst: Mitessh Thakkar of earningwaves.com at 9:15 am 3 / 7 Sell for a target price of ₹1,185 with a stop […]
IGL, MGL shares may face more headwinds in case of no GST inclusion – CNBC TV18
[ad_1] Despite the rebound seen in shares of Indraprastha Gas, Mahanagar Gas and Gujarat Gas from the lows of November makes fundamentals further unsupportive for these companies, according to brokerage firm Nuvama. Company Value Change %Change The brokerage said that the market is pricing in an elusive GST rollout for natural gas, but are ignoring […]