Mahanagar Gas

Iran war-led energy crisis may boost shift to renewable energy sources. Kotak Institutional Equities sees growth for CGD companies but warns of valuation, margin and demand risks

Shares of Gujarat State Petronet were up 9 per cent, while Gujarat Gas and Aegis Logistics gained over 7 per cent each

Notably, the six-week-long war in West Asia has disrupted global energy supply. India is a net importer of natural gas, relying on overseas supplies for the majority of its consumption.

The city gas distributor has announced free gas, fee waivers and discounts for new and existing users following the government's move to prioritise PNG and CNG supply

Going ahead, analysts expect natural gas prices to stay elevated in the backdrop of developments in West Asia. In March alone, prices of natural gas have climbed 16 per cent to $3.277/MMBtu

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Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura

The rising concerns over the prolonged closure of the Strait of Hormuz have raised fears of a liquefied natural gas (LNG) shortage

CGD companies may experience higher input gas prices, potential supply cuts and margin pressure amid regulatory and competitive constraints, according to Kotak Securities

Q3FY26 company results: Firms including Tinna Rubber and Infrastructure, Autoline Industries, Balkrishna Paper Mills, and VST Tillers Tractors are also to release their October-December earnings today

India-US trade deal is incrementally positive for Reliance Industries as it will reopen access to European Markets due to the availability of Venezuelan crude.

The brokerage said INR depreciation of about 6% Y-o-Y in Q3 has weighed on margins of OMCs and CGD players, partly offsetting the benefit of softer crude oil prices.

According to Motilal Oswal Financial Services, the sector has also benefited from a series of regulatory and taxation reforms aimed at improving affordability and project viability

On the bourses, IGL share price rallied up to 5.54 per cent to an intraday high of ₹193.35 per share, while MGL share price rose up to 4.22 per cent to an intraday high of ₹1,159.25.

Investment marks the gas distributor's first major bet on electric mobility as 3ev expands manufacturing and charging services

MGL's Q2FY26 results, analysts said, highlight near-term margin pressures, even as volume growth remains steady.

City gas distributors Indraprastha Gas and Mahanagar Gas may see a major earnings lift as Gujarat slashes VAT on gas to 2%. Analysts expect improved margins, profitability, and strong stock upside

Nomura said that the INR's depreciation remains a headwind for OMCs and CGDs, as their input costs are dollar-linked while revenues are in rupees.

Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.

Axis Securities has initiated 'Buy' on Mahanagar Gas as it believes the company can leverage its presence in one of the country's most urbanised and high-income regions-Mumbai