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

1382.0000 9.50 (0.69%)

NSE May 21, 2025 15:31 PM

30.48% Fall from 52W High

Volume: 266.0K

Mahanagar Gas Ltd.

14 Nov 2022

1382.00

0.69%

Volumes stay resilient, margins likely to improve

Buy: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

Mahanagar Gas (MGL) reported its Q2FY23 EBITDA at Rs2.53bn (down 16% YoY, 11.5% QoQ) vs our estimate of Rs3.1bn. Adjusted PAT dipped 19.7% YoY (down 11.5% QoQ) to Rs1.64bn (I-Sec: Rs2bn).

Mahanagar Gas Ltd. has an average target of 1769.00 from 6 brokers.