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MGL rides PNG adoption wave, analysts see further upside
Mahanagar Gas shares have surged on government's push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to significantly boost PNG consumption and accelerate volume growth. Despite a recent rally, the stock's valuation remains attractive, with analysts predicting future earnings growth and potential for a re-rating as margin pressures ease.
Mahanagar Gas Ends All Schemes, Subsidies For Commercial Customers Citing Global Headwinds
MGL expressed regret over the inconvenience caused to customers.
Q4 Results Today: BSE, Dabur, Britannia, Biocon, MGL Among Over 100 Firms To Declare Earnings On May 7
Indraprastha Gas, Bharat Forge, ACME Solar Holdings, Karur Vysya Bank and CarTrade Tech are among the key firms that will declare quarterly results today.
Mahanagar Gas flags supply cuts as global energy turmoil hits industrial, commercial gas availability
Mahanagar Gas Ltd reduces gas supply to industrial and commercial customers due to geopolitical issues and a directive from the Ministry of Petroleum and Natural Gas. Shares of Mahanagar Gas Ltd ended marginally higher on Wednesday, March 11, by 0.68% at ₹1,051.00 on the NSE.
Petronet LNG, Mahanagar Gas slump as global LNG prices surge
Shares of Petronet LNG and Mahanagar Gas fell sharply after global liquefied natural gas prices climbed to their highest level since 2023 amid supply disruptions in the Middle East.
Stocks to Watch Today: Swiggy, Enviro Infra, Advait Energy, AstraZeneca, Torrent Pharma, Laxmi Organic, Larsen & Toubro, Safety Controls in focus on 13 April
Stocks to Watch, 13 Apr: Stocks like Mahindra and Mahindra, Larsen & Toubro, Swiggy, Enviro Infra Engineers, Advait Energy Transitions, Mahanagar Gas, Krishna Defence and Allied Industries, Lupin, AstraZeneca Pharma India, Torrent Pharmaceuticals, Muthoot Finance, and Ratnaveer Precision Engineering will be in focus on April 13.
Buzzing Stocks: Aditya Birla Lifestyle, MGL decline after Q4 results; Lenskart Solutions slips on block deal
Shares of Mahanagar Gas (MGL) declined 2 percent after posting weaker sequential Q4 earnings, with net profit declining 35.4% QoQ to Rs 130 crore from Rs 201 crore. Revenue also slipped marginally by 0.4% QoQ to Rs 2,052 crore from Rs 2,060 crore.
Petronet LNG, Mahanagar Gas shares slide up to 9% as global LNG prices surge on Middle East supply disruption
The weakness in gas stocks came as Asian spot LNG prices jumped to about $25.40 per million Btus -- the highest level since 2023. The stocks of Petronet LNG, Mahanagar Gas, GAIL India and Indraprastha Gas fell 4-9% each.