1278.6000 -29.60 (-2.26%)
NSE Sep 24, 2025 15:54 PM
Volume: 270.4K
 

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Mahanagar Gas Ltd.
30 Jan 2019
1278.60
-2.26%
HDFC Securities
Our target is Rs 1,125/sh (19x Dec-20E standalone EPS). Maintain BUY. MGLs 3QFY19 revenue came in at Rs 7.53bn, up 29.5% YoY led by 8.1% YoY increase in volumes to 3mmscmd and 26.6% YoY increase in realisation for PNG to Rs 33.3/scm, led by industrial and commercial segment. Despite a 10% sequential increase in APM prices, MGLs raw material prices were up 7.6% because of lower LNG prices and the appreciation of rupee.
Mahanagar Gas Ltd. is trading below all available SMAs
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