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

Mahanagar Gas Ltd.

NSE: MGL | BSE: 539957 | ISIN: INE002S01010 | Industry: Utilities:Non-Electrical
| Mid-range Performer

1364.3000 -17.70 (-1.28%)

NSE May 22, 2025 09:34 AM

31.37% Fall from 52W High

Volume: 37,022

Mahanagar Gas Ltd.

08 Aug 2022

1364.30

-1.28%

Strong volumes, resilient margins

Buy: Mahanagar Gas Ltd.

Recommendation Target

ICICI Securities Limited

Mahanagar Gas (MGL) reported its Q1FY23 EBITDA at Rs2.86bn (down 6% YoY, up 32.5% QoQ) vs our estimate of Rs 3bn.

Mahanagar Gas Ltd. is trading below its 200 day SMA of 1462.8