Sell Mahanagar Gas Ltd October Futures @ 813-811 Stoploss 820 Target 800-790
Buy Zee Entertainment Enterprises Ltd 25th Oc..
The Mahanagar Gas Ltd (MGL) on Monday effected sharp revisions in prices of CNS and PNG with effect from Monday midnight, an official spokesperson said.
While the basi..
Strong EBITDA beat led by strong volumes growth and healthy margins
* MGL’s adjusted EBITDA of INR2.2b (+10% YoY, +27% QoQ) was ahead of our estimate of INR1.8b..
* On a daily chart, the stock has given a breakout of “Symmetrical Triangle” formation which suggests an accentuated buying in the stock.
* The stock remained sideways after a price-wise-correction, where its long-term moving average worked as a key reversal point.
* Major technical indicator..
Mahanagar Gas Limited has said that it has organized a dedication ceremony for its first CNG station installed in Uran. The CNG station at Dronagiri Service Station, Uran..
Margins likely to recover from Q4 low
Reason for report: Q4FY18 result review and recommendation change
Mahanagar Gas (MGL) Q4FY18 EPS was up 5% YoY vs I-Sec estim..
Shares of Mahanagar Gas tumbled nearly 8 per cent, hitting 52-week low, on the Bombay Stock Exchange after the company reported a lower than expected year-on-year growth ..
A unit of Royal Dutch Shell has sold 8.5 per cent stake in Mahanagar Gas Ltd, the firm which retails CNG to automobiles and piped cooking gas to households in Mumbai and ..
MGL’s Q3FY18 result is marginally lower than our expectations. PAT has increased 25% yoy but flat sequentially to Rs.1.24 bn (vs. our expectation of Rs.1.28 bn). Gr..
Tata Communications, a leading digital infrastructure provider, is working with Mahanagar Gas Limited (MGL), one of India’s leading natural gas distribution compani..
EBITDA above estimate; CNG/PNG volumes up 7%/8% YoY
* MGL’s reported EBITDA of INR2b (+20% YoY, flat QoQ) was above our estimate of INR1.9b, led by higher volume..
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