Buy Mahanagar Gas, target Rs 1,000: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on Mahanagar Gas Ltd
with a target price of Rs 1000
The current market price of Mahanagar Gas Ltd
is Rs 950.6
Time period given by the analyst is Intra Day when Mahanagar Gas Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 935. Mahanagar Gas Ltd., incorporated in 1995, is a midcap company with a market cap of Rs
9389.82 crore. Mahanagar Gas Ltd
key Products/Revenue Segments include Gas Natural which contributed Rs 2433.09 Crore to Sales Value (99.19 % of Total Sales), Other
Operating Revenue which contributed Rs 15.32 Crore to Sales Value (0.62 % of Total Sales) and Pipes Fittings which contributed Rs 4.51
Crore to Sales Value (0.18 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 752.68 Crore, up 8.06 % from last quarter Sales of Rs
696.51 Crore and up 29.46 % from last year same quarter Sales of Rs 581.41 Crore Company has reported net profit after tax of Rs 148.32
Crore in latest quarter
Kishore Tewari, Mr.Sanjib Datta, Mr.Santosh Kumar, Mr.Satish Gavai, Mrs.Radhika Haribhakti
Company has SRBC Co LLP as its auditoRs As on 31-12-2018, the company has a total of 98,777,778 shares outstanding.