Page 6 - Mahanagar Gas

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

Shell exits city gas business in India, sells MGL stake in open market

When MGL was listed in July 2016, Shell and GAIL held 32.5 per cent stake each in the company

Mahanagar Gas falls 7% after huge block deals

The stock slipped 7.4% to Rs 836 on the NSE in early morning trade after a nearly 26% or 25 million equity shares of the company changed hands on the NSE and BSE.

Mahanagar Gas hits fresh 52-week low on disappointing Q4 results

The stock dipped 7% to Rs 785, also its fresh 52-week low on the BSE, after the company reported a lower than expected 5.3% growth in net profit at Rs 1.05 billion in March quarter.

Mahanagar Gas extends fall after huge block deal; stock dips 11% in 3 days

The stock dipped 4% to Rs 905 on the NSE, extending its 6.7% decline in past two trading days, after a more than 9% of total equity of the company changed hands through block deal

Mahanagar Gas zooms 128% since listing

The stock hit a new high of Rs 1,184, appreciated by 128% from Rs 520, against 18% rise in the Nifty 50 index since July 1, 2016

Indraprastha Gas, Mahanagar Gas, HPCL hit record highs ahead of Q3 results

HPCL, IOCL, MGL and IGL were up 10%-21% in past one month as compared to 6% rise in the S&P BSE Sensex

Mahanagar Gas hits new high; stock up over 100% against IPO issue price

The stock was up 3% at Rs 850 on NSE in intra-day trade, gaining 102% against IPO price of Rs 421 per share

Mahanagar Gas, Indraprastha Gas, Oil India, HCC hit 52-week high

Balarampur Chini, Dhampur Sugar and Triveni Engineering were from sugar sector hit 52-week highs

Mahanagar Gas hits new high on strong Q2 results

The stock hit a new high of Rs 828, up 7% on the NSE in early morning trade

Volume catalysts in place for Mahanagar Gas

Proposal to shift the existing taxi aggregators to CNG, if implemented, will boost volume

Retail investors miss rally in Mahanagar Gas; stock hits new high

Thus far in October, the stock outperformed the market by surging 22% as compared to 0.43% rise in Sensex.

MGL bets on Raigad project generating revenues from FY18

Company expects the Raigad project to see a demand of about 0.5 million cubic metres per year of gas

Mahanagar Gas increases prices of CNG, PNG

The development comes after the Maharashtra government hiked VAT by 1 per cent to 13.5 per cent

Mahanagar Gas increases prices of CNG, PNG

MGL supplies CNG to 4 lakh vehicles, including public transport and BEST buses and piped gas to 8 lakh households in Mumbai

Mahanagar Gas hits highest level since listing

The stock up 1.5% to Rs 586 on the BSE, was trading at a 39% premium against issue price of Rs 421 per share.