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

1385.0000 -6.90 (-0.50%)

NSE May 14, 2025 15:31 PM

30.33% Fall from 52W High

Volume: 332.4K

Mahanagar Gas Ltd.

27 Jul 2024

1385.00

-0.50%

Second successive quarter of double-digit volume growth; margins should pick up as well

Buy: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

Mahanagar Gas (MGL) has reported Q1FY25 EBITDA/PAT of INR 4.2/2.85bn (+6/+7% QoQ; -20/-23% YoY), well ahead of I-Sec’s estimates of INR 3.9bn/2.6bn.

Emkay increased Buy price target of Mahanagar Gas Ltd. to 1700.0 on 08 May, 2025.