ICICI Direct has buy call on with a target price of Rs 1340. The current market price of Mahanagar Gas Ltd. is Rs 1089.15.
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10865.56 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 686.79 Crore, up 21.05 % from last quarter Total Income of Rs 567.38 Crore and down -18.98 % from last year same quarter. Total Income of Rs 847.64 Crore. Company reported net profit after tax of Rs 217.21 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 46.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 19 per cent, DIIs 21.4 per cent and public and other 12.8 per cent.
