Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.

Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.

We have collated stocks from various experts for traders who have a short-term trading horizon:

In addition to the absolute relief of $2/mmbtu in FY24 (vs Oct 2022 price), the pricing direction announced for the next few years (i.e., escalation of $0.5/mmbtu annually), provides the much-needed visibility and clarity on priority sector gas costs for CGDs, believe experts.

Mahanagar Gas, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8917.16 Crore) operating in Gas & Petroleum sector.

ICICI Direct recommended hold rating on Mahanagar Gas with a target price of Rs 1000 in its research report dated November 15, 2022.

Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1010 in its research report dated November 14, 2022.

The draft recommendation will be discussed by members of the committee and finalized on November 29.

Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2022.

Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1010 in its research report dated November 14, 2022.

A committee is expected to propose a formula that helps reduce prices for the priority sector by about $2/mmBtu or so, bringing the price down to $7/mmBtu from more than $9.2/mmBtu now.

A committee is expected to propose a formula that helps reduce prices for the priority sector by about $2/mmBtu or so, bringing the price down to $7/mmBtu from more than $9.2/mmBtu now.

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8695.41 Crore) operating in Gas & Petroleum sector.

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8134.84 Crore) operating in Gas & Petroleum sector.

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8043.97 Crore) operating in Gas & Petroleum sector.

Although the hike is positive, Kotak Equities believes such a higher price is not sustainable and therefore limits the benefits for producers. Besides, the government could take away part of this benefit by imposing an additional windfall gains tax, the brokerage said.

The highest target for ONGC goes up to Rs 240, according to Trendlyne data. The average estimate of Rs 171 shows an upside potential of around 29 per cent from current prices. Out of 23 analysts covering the stock, two have buy and strong sell ratings, while 12 have strong buy ratings.

On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8729.49 Crore) operating in Gas & Petroleum sector.

The global investment bank expects policy-related developments to be positive for the Indian gas sector. Local developments have the potential to reverse 3-5 years of underperformance, said the note. It maintains IGL as the preferred overall gas pick with a target of Rs 490. It is positive on MGL with a target of Rs 1040, and Gujarat Gas with a target of Rs 580.

Iyer is an electrical engineer with more than 36 years of experience in execution of projects in the areas of gas pipelines, LNG terminals, city gas distribution projects, renewables etc, amounting to Rs.40,000 crore.

Indias fertilizer subsidy bill this year will top Rs 2.5 trillion. In comparison, total tax collected (centres share) is estimated at Rs 20 trillion; the fertilizer subsidy is not small. Yes, the Russia-Ukraine crisis disrupted ammonia and potash supplies, but the subsidy amount has steadily risen over the past two decades.

Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 980 in its research report dated August 26, 2022.

ETIG analysis showed that from peak monthly sales of 29,535 units in March 2022, volumes dropped to 25,480 units in July. CNG-powered vehicle sales have been consistently dropping for five consecutive months, Vahan data showed.

​​Personnel from the Brihanmumbai Municipal Corporation, Mahanagar Gas Ltd and police rushed to the spot, where vehicles of the Fire Brigade have also arrived, the official said. Efforts were on to plug the gas leak, he added

Reduction in prices have come after the Ministry of Petroleum and Natural Gas revised upwards the allocation of domestically produced natural gas to the city gas distribution company, MGL said. MGL had in the first week of August, increased prices for CNG and PNG by a similar amount, which was the sixth hike since April this year.

Shares of Indraprastha Gas have risen 24 per cent this week to a high of Rs 437.60 on BSE. At Friday's high of Rs 901.40 on BSE, shares of Mahanagar Gas were up 14 per cent this truncated week. Shares of Gujarat Gas have risen 11 per cent during the same period.

Oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel.

Oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel.

The oil ministry in a notification issued on Wednesday amended an earlier order to increase allocation of domestically produced gas to city gas operators. The allocation for city gas operators like Indraprastha Gas Ltd in Delhi and Mahanagar Gas Ltd of Mumbai has been increased from 17.5 million standard cubic meters per day to 20.78 mmscmd, officials said.

Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 930 in its research report dated August 08, 2022.

Motilal Oswal is bullish on Mahanagar Gas recommended buy rating on the stock with a target price of Rs 951 in its research report dated August 07, 2022.

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8100.27 Crore) operating in Gas & Petroleum sector.