India City Gas Sector - Weathering the ‘Perfect Storm’
City Gas Distribution (CGD) companies, Indraprastha Gas (IGL), Gujarat Gas (GGL), and Mahanagar Gas (MGL) have corrected by 26-29% over the last 12...
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HSIE Results Daily: Marico, IRB Infra, Computer Age Management Services
Consolidated revenue was up 1% YoY while domestic revenue/volume were down 4/6% YoY (three-year revenue CAGR at 4% vs that of HUL/Emami/GCPL at 9/3...
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Mahanagar Gas: Favourable Government Initiative to Benefit
The Maharashtra government has proposed to reduce VAT on natural gas. MGL is expected to benefit from the proposal (reduction of VAT from 13.5% to...
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Technical Report MGL: Close the Call as Stock Is Showing Weakness and Overall Markets Also Weak
Considering all the above reasoning discussed, we recommend buying the stock in the range of 1090-1140, for the target of 1380, keep a stop loss at...
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Mahanagar Gas: Healthy Margins Outlook; CNG near Normal in Q2FY22
Mahanagar Gas (MGL) is a city gas distribution company and operates in Mumbai, its adjoining areas and Raigad district, Maharashtra. CNG sales...
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