Mahanagar Gas News - Mahanagar Gas Announcement, Latest News …
Dec 24, 2024 · IGL Gas Allocation News: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a 'Sell' rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA estimates, concerns over ...
3 reasons why Mahanagar Gas shares plunged 17% today
Mar 6, 2024 · Shares of Mahanagar Gas Ltd (MGL) bled 17 per cent lower in Wednesday's trade amid fears of regulatory pressure, a downgrade of the stock by Citi to 'sell' and city gas distributor's...
Mahanagar Gas secures 26% increase in APM gas allocation
2 days ago · Effective January 16, 2025, the allocation has risen by 26%, increasing the supply of compressed natural gas (CNG) from 37% to 51%. "As per the communication received from GAIL (India) Limited (the nodal agency for domestic gas allocation), the domestic gas at APM price to Mahanagar Gas Limited (MGL) has been increased by 26% with effect from 16th January 2025, thus increasing allocation for ...
Mahanagar Gas Gets 26% Additional APM Allocation From GAIL
2 days ago · Mahanagar Gas Ltd. has secured increase in domestic gas allocation at APM prices from GAIL (India) Ltd. by 26%, effective Jan. 16. As a result, allocation for compressed natural gas will increase from 37% to 51%, according to an exchange filing by MGL on Thursday.
Mahanagar Gas to get 26% more domestic gas supply from GAIL
2 days ago · The shares of Mahanagar Gas Limited (MGL) were trading at ₹1,306.75 up by ₹36.10 or 2.84 per cent on the NSE today at 12.38 pm. Also read: Fund raising from capital markets to jump 21% to ...
IGL, MGL Shares Price Fall 20% Amid Cuts In Priority Gas Allocation
Nov 18, 2024 · Shares of city gas distribution (CGD) companies -- Mahanagar Gas (MGL) and Indraprastha Gas (IGL) – plunged up to 20 per cent on the BSE in Monday's intraday trade after the central government further reduced administered price mechanism (APM) allocation of domestic gas to them.
Mahanagar Gas shares fall most on record after Citi cites
Mar 6, 2024 · Shares of Mahanagar Gas fell as much as 16% on Wednesday after brokerage firm Citi downgraded the stock to "sell" from its earlier rating of "buy." It also cut its price target on the stock to ₹1,405 from ₹1,480 earlier.
Latest & Breaking News on Mahanagar Gas - Moneycontrol
Get all latest & breaking news on Mahanagar Gas. Watch videos, top stories and articles on Mahanagar Gas at moneycontrol.com.
Mahanagar Gas Ltd (BOM:539957) Q2 2025 Earnings Call …
Oct 26, 2024 · Mahanagar Gas Ltd (BOM:539957) connected 58,845 domestic households this quarter, bringing the total to approximately 2.58 million households. The company added five new CNG stations,...
India's Mahanagar Gas posts Q2 profit drop on higher fuel costs
Oct 24, 2024 · Indian city-gas distributor Mahanagar Gas reported a 16.5% decline in second-quarter profit on Thursday, hurt by a surge in fuel costs.