Mahanagar Gas Ltd News
BSE Oil & Gas index rally 7% in 1 week; Gail surges 7% on positive outlook
As of 09:22 AM; the BSE Oil & Gas index was up 1.7 per cent, as compared to 0.68 per cent rise in the BSE Sensex.
 "BSE Oil & Gas index rally 7% in 1 week; Gail surges 7% on positive outlook")
India Energy Week 2025: Common carrier rule opens new avenues for MGL
Ashu Shinghal, managing director of MGL, said that when the sector opens under the Act, they will get at least a 12 per cent return on their investment
 "India Energy Week 2025: Common carrier rule opens new avenues for MGL")
Mahanagar Gas drops 6% as stock trades ex-dividend today; details here
Mahanagar Gas share price has dropped around 26 per cent in the last six months, while it slipped 10.43 per cent in the last one year
Mahanagar Gas share pops 6% as Morgan Stanley initiates with 'Overweight'
Mahanagar Gas shares surged following reports that Morgan Stanley, a New York-based brokerage firm, initiated coverage with an 'Overweight' rating
 "Mahanagar Gas share pops 6% as Morgan Stanley initiates with 'Overweight'")
MGL, IGL: Gas stocks mixed after govt hikes domestic gas allocation
For Mahanagar Gas, Gail made an upward revision in the APM price by 26 per cent which will be effective from January 16, 2025
 "MGL, IGL: Gas stocks mixed after govt hikes domestic gas allocation")
MGL, IGL plunge up to 20% as govt reduces APM gas allocation to CGDs again
Motilal Oswal Financial Services believe that IGL shall be affected the most by this significant reduction in the domestic gas allocation, followed by MGL and then Gujarat Gas.
 "MGL, IGL plunge up to 20% as govt reduces APM gas allocation to CGDs again")
Mahanagar Gas Q2FY25 results: Net profit falls 16.5% to Rs 283 cr
State-backed natural gas distributor's profit after tax fell to Rs 283 crore (about $34 million) in the quarter ended Sept. 30 from Rs 339 crore a year earlier, the company said in an exchange filing
Nifty resistance stands at 25,000-mark; Bias for Bank Nifty turns positive
F&O cues for Oct 21: Despite Friday's recovery, Nifty options continues to reflect cautious sentiment, with call writing outweighing put writing on Friday, said Dhupesh Dhameja of SAMCO Securities.
 "Nifty resistance stands at 25,000-mark; Bias for Bank Nifty turns positive")
MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?
APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL
 "MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?")
