Page 5 - Mahanagar Gas

City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%

On the cost front, CGD companies are expected to incur high gas sourcing costs as spot liquefied natural gas (LNG) prices continue to remain at elevated levels.

CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%

The retail price of compressed natural gas (CNG) is cut by Rs 6 to Rs 60 per kg and domestic piped natural gas (PNG) by Rs 3.50 to Rs 36/scm in and around Mumbai effective Friday

IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market

Reports suggest IGL has announced a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region

Indraprastha, Mahanagar Gas hit 52-week lows on disappointing Q3 results

MGL said the company's Ebitda margins declined in Q3 mainly due to increase in administered pricing mechanism (APM) and market determined gas prices.

Here's a derivative strategy on Mahanagar Gas by HDFC Securities

The stock price has broken out from the downward sloping trendline, adjoining the highs of June 12, 2021, and August 3, 2021, with higher volumes.

Weekly stock recommendations by Ajit Mishra: Buy MGL, The Ramco Cements

MGL witnessed a fresh breakout from the consolidation range on June 15 and made new record highs as well

Trading calls by Osho Krishan of Anand Rathi: Buy RBL Bank, MGL

MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame

Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra

Gujarat Gas, Gujarat State Petronet and Indraprastha Gas rallied up to 18 per cent on the BSE in intra-day trade

Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff

Gujarat Gas soared 19%, Indraprastha Gas hit 10% upper circuit, while Mahangar Gas, Adani Gas and GSPL were up between 9% and 18% on the BSE

Mahanagar Gas hikes CNG prices by Re 1 to Rs 48.95/kg due to lower sales

Accordingly, revised selling price inclusive of all taxes in and around Mumbai will be Rs 48.95/kg

City gas distribution companies under pressure; MGL, IGL decline up to 5%

PNGRB has said the regulation for allowing competition in CGD areas will be notified in the next one to one and a half months.

Nifty outlook & stock calls by Anand Rathi: Buy Lupin, Mahanagar Gas

Lupin's stock is making a higher top and higher bottom pattern on the daily chart

Stock picks by Angel Broking: Buy Shriram Transport Finance, Mahanagar Gas

Recently, gas distribution companies have been in limelight

50,000 people moved to safety in Mumbai ahead of Cyclone Nisarga

The Brihanmumbai Municipal Corporation (BMC) said that since Tuesday it evacuated nearly 20,000 citizens to the temporary shelters and other 30,000 shifted on their own to safer locations

GAIL chief Manoj Jain now takes over as chairman of Mahanagar Gas

MGL, promoted by GAIL, supplies piped natural gas to households and auto and industrial gas in Mumbai and its suburbs

End of exclusivity period will ensure fair play in gas pipeline business

The PNGRB is now taking careful ste­ps to draft regulations on how to end the exclusivity and the subsequent issues of tariff and sharing of the existing infrastructure

Nifty strategy by CapitalVia Global: Buy on dips with stop-loss at 12,100

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Higher volumes, margins to fuel growth for gas-distribution firms

The Street's confidence on city gas distributors (CGD) remains high, considering the firm demand for gas, rising volumes, and future growth potential

City Gas distributors' stocks gain 6-8%, fundamentals remain healthy

While strong demand is driving volumes, low natural gas prices bode well for profitability

With stake sale overhang behind, Mahanagar Gas could see more gains

Analysts remain positive on the company's earnings driven by soft natural gas prices, volume and geographical expansion