Page 3 - Mahanagar Gas

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

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