Highlights from the Quarter (Q1FY21):
Net Sales for Q1FY21 stood at Rs.277.47 Cr as against Rs.831.19Cr in Q1FY20 (down by 66.6% YoY) and against Rs. 752.67 Cr in Q4F..
COVID-19 impacts Q1; Outlook promising
Mahanagar Gas Limited (MGL) is the sole distributer of natural gas in Mumbai. The Company provides gas to customers such as hos..
Buy Infosys Ltd @ 923.00-926.00 CMP 924.25 Target 932.90/941.00 SL 915.70
Mahanagar Gas (MAHGAS)..
The Mahanagar Gas Ltd (MGL) on Friday announced a hike of Re 1 per kg in the price of CNG used by public and private vehicles, with effect from midnight.
Mahanagar Gas’ (MGL) Q4FY20 EPS was up 25% YoY, despite decline in volumes, boosted by surge in margins and lower tax rate; PBT was up 10% YoY while tax expense was..
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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