INSUBCONTINENT EXCLUSIVE:
Kunal Bothra of Independent Analyst has buy call on Mahanagar Gas Ltd
with a target price of Rs 1075.0
The current market price of Mahanagar Gas Ltd
is Rs 1046.45 Kunal Bothra recommended to keep stoploss at Rs 1025
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company
(having a market cap of Rs 10164.73 Crore) operating in Gas - Petroleum sector
key Products/Revenue Segments include Gas Natural which contributed Rs 3031.27 Crore to Sales Value (99.16 % of Total Sales), Other
Operating Revenue which contributed Rs 20.28 Crore to Sales Value (0.66 % of Total Sales) and Pipes - Fittings which contributed Rs 5.24
Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 783.58 Crore, up 3.44 % from last quarter Sales of Rs
757.49 Crore and up 12.50 % from last year same quarter Sales of Rs 696.51 Crore Company has reported net profit after tax of Rs 270.62
Tewari, Mr.Sanjib Datta, Mr.Santosh Kumar, Mrs.Radhika Haribhakti
Company has SRBC - Co LLP as its auditoRs As on 30-09-2019, the company has a total of 98,777,778 shares outstanding.