Time period given by analyst is Intra Day when Mahanagar Gas Ltd. price can reach defined target.
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 9287.09 Crore) operating in Gas & Petroleum sector.
Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 930.16 Crore, up 35.70 % from last quarter Total Income of Rs 685.47 Crore and up 63.94 % from last year same quarter Total Income of Rs 567.38 Crore. Company reported net profit after tax of Rs 204.29 Crore in latest quarter.
Investment Rationale
Bearish flag breakdown and MACD has generated a sell signal
Promoter/FII Holdings
Promoters held 32.5 per cent stake in the company as of 30-Sep-2021, while FIIs owned 29.38 per cent, DIIs 17.8 per cent.
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