A value play – lower volume growth but better margins
* Mahanagar Gas’ (MAHGL) 4QFY20 EBITDA was marginally below est. led by a miss on volumes. The COVID..
Mahanagar Gas Ltd. has reported numbers for the quarter ended Mar’20. Following are the highlights of the result.
Highlights from the Quarter (Q4FY20):
Growth triggers missing
Our ADD recommendation on Mahanagar Gas with a TP of INR 1,137 is premised on its loyal customer base of CNG and commercial establishments (wh..
The company reported standalone net profit of Rs 166.59 crore for the quarter ended March 31, 2020 as compared to Rs 133.46 crore in the same period last year, registerin..
Technical Trading Idea
* MGL gave a range breakout and managed to close above the same. It formed a Higher High - Higher Low sequence on weekly chart, which is a posit..
* The stock during previous week has generated a breakout from the falling trendline joining the highs of Feb’20 (Rs.1234) and Apr’2..
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Mahanagar Gas (MAHGAS..
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