Mahanagar Gas

Indraprastha Gas jumps 6% as Nomura upgrades stock on easing gas prices

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.

Mahanagar Gas backs EV push, leads ₹120 crore funding round for 3ev

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

Q2 earnings spark mixed analyst views on Mahanagar Gas; buy, sell, or hold

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

IGL vs MGL: Which stock to buy amid tax cut buzz in Gujarat? Analysts weigh

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

Crude slips to 3-month low; INR weakness seen pressuring OMCs, CGDs: Nomura

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.

GMR Airports, MGL, BoM among 5 stocks with trend line breakout; check TP

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

Why Axis Securities see 20% upside in Mahanagar Gas? Details here

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

Analysts decode impact of PNGRB tariff regulation changes on IGL, MGL

PNGRB tariff news: While analysts see IGL benefitting the most from the changes due to the possibility of charging higher tariffs, MGL and GGL may be negatively impacted, they said

Mahanagar Gas top pick among CGDs, Gujarat Gas least preferred: Nomura

Nomura has maintained a 'Reduce' rating on Gujarat Gas Ltd (GGL), citing intense competition in the I&C space, subdued volume growth prospects, and constrained pricing power.

Mahanagar Gas shares gain 3% after Q4 results; check details here

Mahanagar's stock was quoting at ₹1,404.90, up 2.03 per cent on the NSE after the company announced March 2025 quarter results

Stocks to Watch on May 7, 2025: HPCL, Paytm, BSE, Tata Motors, Ather Energy

Stocks to Watch on May 7, 2025: From Ather Energy to Tata Motors, here is a list of stocks that will be in focus

Mahanagar Gas Q4 results: Profit dips 4.8% on rising costs, higher volumes

The state-backed natural gas distributor reported a profit after tax of 2.52 billion rupees ($29.9 million) for the quarter ended March 31, down from 2.65 billion a year earlier

Mahanagar Gas shares plunge over 6% after APM gas allocation cut

Mahanagar Gas' stock fell as much as 6.47 per cent during the day to ₹1,230 per share, the worst intraday session since November 18 last year

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

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

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

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi, Swiggy, Zomato, SAIL

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar

India cuts back cheap gas for vehicles even as bad air chokes Delhi

New Delhi, one of world's most polluted cities, was pushed into CNG well over 2 decades ago after a Supreme Court ruling that demanded conversion of all public buses to cope with worsening air quality

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