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

Mahanagar Gas Ltd.

NSE: MGL | BSE: 539957 | ISIN: INE002S01010 | Industry: Utilities:Non-Electrical
| Strong Performer, Under Radar

1387.9000 2.10 (0.15%)

NSE Apr 02, 2025 15:31 PM

30.19% Fall from 52W High

Volume: 260.7K

Mahanagar Gas Ltd.

09 Jun 2024

1387.90

0.15%

UEPL and LCV initiatives to propel volume growth

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Total gas consumption is likely to improve to 500mmscmd in FY30 from
185mmscmd in FY24. Further, the CGD sector’s gas consumption is likely to
grow to 103mmscmd in FY30 from 34mmscmd in FY24.

FII/FPI have decreased holdings from 34.20% to 25.75% in Dec 2024 qtr