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Buy Mahanagar Gas; target of Rs 1680: Emkay Global Financial

Emkay Global Financial is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1680 in its research report dated June 08, 2024.

Natural gas under GST could improve tax inefficiencies, say brokerages; GAIL, Mahanagar Gas to benefit

There could be a series of benefits if natural gas is brought under GST, especially on the tax front, said Citi.

Buy Mahanagar Gas; target of Rs 1680: Emkay

Emkay is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1680 in its research report dated May 11, 2024.

Buy Mahanagar Gas; target of Rs 1565: Motilal Oswal

Motilal Oswal is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1565 in its research report dated May 10, 2024.

Sell Mahanagar Gas; target of Rs 1116: Prabhudas Lilladher

Prabhudas Lilladher is bearish on Mahanagar Gas has recommended sell rating on the stock with a target price of Rs 1116 in its research report dated May 11, 2024.

Mahanagar Gas expects to spend Rs 950 crore in FY25: MD Ashu Shinghal

The company reported a consolidated net profit of Rs 317.18 crore for the December 2023 quarter, up 84 percent from a year earlier on lower costs.

Buy Mahanagar Gas; target of Rs 1545: ICICI Securities

ICICI Securities is bullish on Mahanagar Gas recommended buy rating on the stock with a target price of Rs 1545 in its research report dated March 21, 2024.

Buy Mahanagar Gas; target of Rs 1665: Motilal Oswal

Motilal Oswal is bullish on Mahanagar Gas recommended buy rating on the stock with a target price of Rs 1665 in its research report dated March 06, 2024.

Exclusive: PNGRB advocating reasonable returns for CGD cos, concerned over extra profits

Member Gajendra Singh said PNGRB has now started working on collecting data for CGD companies' distribution charges to examine prices charged by them.

Mahanagar Gas falls 13% after Citi downgrades stock to 'Sell' from 'Buy'

Citi lowered its target price for the stock from Rs 1,480 to Rs 1,405, expressing concerns about exclusivity and margins. The brokerage is closely watching potential downside catalysts over the next 90 days.

Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. Its businesses include Domestic PNG, Commercial PNG, CNG, Industrial PNG, and Gas Geysers. The company was founded on May 8, 1995 and is headquartered in Mumbai, India.

Volume	1.69M
52-Wk High	1,858.35
52-Wk Low	970.55

MGL.NSE Mahanagar Gas Ltd.

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