In September quarter earnings season, brokerages bet on these 15 midcap stocks Banking (ICICI Bank, Axis Bank and SBI) , building materials, pharmaceuticals and consumer companies are likely to deliver decent results in the September quarter, say experts.
How the revised domestic natural gas prices impact different sectors The latest decline is the first downward revision after a span of 30 months and the impact of this will be widespread as natural gas forms a key input ingredient across industries.
Mahanagar Gas climbs 12% after British Gas sells entire stake; Jefferies maintains buy In April this year, BG Asia had reduced its stake in Mahanagar Gas from 32.5 percent to 24 percent. State-owned entity GAIL India, the Indian promoter, held 32.50 percent stake in the company
While stock could decline today, we think this could be a good opportunity to accumulate given attractive val at 12x FY20E P/E in context of 6% FCF yield & 10% FY19-22E earnings CAGR driven by margin expansion
MGL’s CNG supply hit due to tech snag at ONGC’s Uran unit “The gas supply to MGL has been affected, in terms of lower volume flow and high carry over of condensate along with the gas. This has resulted in major disruption of gas supply to MGL’s city gate station at Wadala,” it said in a statement.
Buy Mahanagar Gas; target of Rs 1133: HDFC Securities HDFC Securities is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1133 in its research report dated August 10, 2019.
Buy Mahanagar Gas; target of Rs 950: ICICI Direct ICICI Direct is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 950 in its research report dated August 09, 2019.