Mahanagar Gas News and Updates

Name: Latest research reports of Mahanagar Gas Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Mahanagar Gas Ltd.
Rating: 5
Author: Prabhudas Lilladhar

Keep track of all breaking news on Mahanagar Gas from all sources in a single place.

Load latest

Mahanagar Gas Ltd.

30 Oct 2025

1130.90

-0.04%

Mahanagar Gas (MAHGL IN) Q2FY26 Result Update Strong...

Buy: Mahanagar Gas Ltd.

Recommendation Target

Prabhudas Lilladhar

Mahanagar Gas Ltd. is trading above its 50 day SMA of 1103.9

Mahanagar Gas Ltd.

29 Oct 2025

1130.90

-0.04%

Mahanagar Gas Q2 Results: Profit Drops 40%, Margin Narrows

NDTV Profit

Revenue down 1.1% to Rs 2,050 crore in the September quarter.

Mahanagar Gas Ltd. is trading below its 100 day SMA of 1177.2

Mahanagar Gas Ltd.

29 Sep 2025

1130.90

-0.04%

Mahanagar Gas Shares Can Rally 37% Says Motilal Oswal; Stock Remains Top Pick Among CGDs

NDTV Profit

Mahanagar Gas's foray into battery manufacturing, LNG, and CBG businesses shall provide a boost to earnings in the long run, adds the brokerage.

Axis Direct released a Buy report for Mahanagar Gas Ltd. with a price target of 1540.0 on 10 Feb, 2026.

Mahanagar Gas Ltd.

26 Sep 2025

1130.90

-0.04%

Ahead in volume growth, sustaining resilient margins

Buy: Mahanagar Gas Ltd.

Motilal Oswal

MAHGL is set to deliver robust earnings growth, driven by aggressive CNG network expansion, improving throughput at existing stations, and strategic land tie-ups that strengthen long-term visibility.

Number of FII/FPI investors decreased from 343 to 315 in Dec 2025 qtr

Mahanagar Gas Ltd.

08 Sep 2025

1130.90

-0.04%

ONGC Plant Fire: CNG Availability May Be Impacted In Mumbai, Says MGL; Prioritising PNG Supply

NDTV Profit

MGL is ensuring that the supply to its domestic PNG consumers will be maintained on a priority without interruption, but CNG stations' supply may be impacted.

Mahanagar Gas Ltd. has an average target of 1477.57 from 7 brokers.

ONGC plant fire: CNG availability may be impacted in Mumbai, says MGL

Business Standard | 08 Sep 2025

Mahanagar Gas Ltd.

05 Sep 2025

1130.90

-0.04%

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

Business Standard

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

Axis Direct released a Buy report for Mahanagar Gas Ltd. with a price target of 1540.0 on 10 Feb, 2026.

Mahanagar Gas Ltd.

04 Sep 2025

1130.90

-0.04%

Initiating Coverage:Mahanagar Gas

Buy: Mahanagar Gas Ltd.

Axis Direct

We initiate coverage on Mahanagar Gas Limited (MGL) with a BUY recommendation and a target price of Rs 1,540/share, implying a potential upside of 20% from the current market price (CMP)

Number of FII/FPI investors decreased from 343 to 315 in Dec 2025 qtr

Mahanagar Gas Ltd.

31 Jul 2025

1130.90

-0.04%

MAHANAGAR GAS LIMITED

Sell: Mahanagar Gas Ltd.

Recommendation Target

Geojit BNP Paribas

MGL delivered a steady performance, driven by its robust infrastructure network, strong customer base and a reliable, albeit costlier, gas sourcing strategy. However, looking ahead, we expect MGL's focus on expanding its footprint in newly acquired geographical areas to come at the behest of discounts as it tries to balance lost volumes due to faster EV adoption and declining institutional demand. Additionally, we also factor in the management's reduced margin guidance and unpredictability in APM and new well gas allocations. Further pass-through of cost increases could be...

Mahanagar Gas Ltd. has an average target of 1477.57 from 7 brokers.

Mahanagar Gas Ltd.

24 Jul 2025

1130.90

-0.04%

Mahanagar Gas Gets PL Capital's 'Add' Upgrade, Hikes Target Price Post Q1 Results Here's Why

NDTV Profit

PL Capital raises its valuation multiple from 11x to 12x FY27 with a revised target price and upgrage Mahanagar Gas from Hold' to Accumulate' considering the strong volume growth expected.

Mahanagar Gas Ltd. has an average target of 1477.57 from 7 brokers.

Mahanagar Gas Ltd.

23 Jul 2025

1130.90

-0.04%

Mahanagar Gas (MAHGL IN) Q1FY26 Result Update Strong...

Accumulate: Mahanagar Gas Ltd.

Target

Prabhudas Lilladhar

As a result of relaxation in pricing terms for industrials combined with incentives for goods carriers taken a few quarters back, MAHGL continued its stellar volume growth at 9.6% in Q1FY26. Adj EBITDA/scm stood at Rs9.7. As a result, Adjusted EBITDA stood at Rs3.7bn (Ple/BBGe Rs4bn, -11% YoY and +18% QoQ). Adjusted PAT stood at Rs2.4bn (Ple Rs2.8bn, BBGe Rs2.6bn, -9% YoY and +6.8% QoQ). We believe that the volume momentum is likely to sustain, especially due to strong pick up in GA3, momentum in CNG adoption by goods...