Niftify.in: Live Stock Market Data, Stock News, Analysis & Investing in India

Latest Mahanagar Gas News

Your Mahanagar Gas Stock News Source: Discover all the latest Mahanagar Gas stock-related news and industry updates. Get fast information on Mahanagar Gas stock buybacks,Mahanagar Gas results, Mahanagar Gas company analysis, Mahanagar Gas live prices, Mahanagar Gas dividends, Mahanagar Gas bonus share, board meetings, lifetime highs, Mahanagar Gas targets, lows, and growth stories with AI.

MGL stock check: In the last three months, Mahanagar Gas Ltd has provided 19.93 per cent returns to investors against Nifty 50's 7.44 per cent during the period.

Mint

MGL stock check: Mahanagar Gas rallies 31% in 3 months, outperforms Sensex by 22%; Should you buy or sell?

MGL stock check: In the last three months, Mahanagar Gas Ltd has provided 19.93 per cent returns to investors against Nifty 50's 7.44 per cent during the period.

Gas

•

Tue, Oct 1, 2024

Over 70% of the company’s revenue comes from the CNG segment, where it sees considerable potential given the thrust on non-polluting fuels, Shinghal says

Business Line

bl interview. Mahanagar Gas to take CNG stations to over 400 this fiscal, says MD Ashu Shinghal

Over 70% of the company’s revenue comes from the CNG segment, where it sees considerable potential given the thrust on non-polluting fuels, Shinghal says

Gas

Gases

•

Mon, Sep 30, 2024

India's largest insurer, LIC, has reduced its stake in Mahanagar Gas Ltd. The company sold over 2 million shares, decreasing its ownership from 9.03% to 6.939%.

Mint

Stocks in focus: LIC trims stake in Mahanagar Gas Limited by over 2%. Details here

India's largest insurer, LIC, has reduced its stake in Mahanagar Gas Ltd. The company sold over 2 million shares, decreasing its ownership from 9.03% to 6.939%.

Gas

•

Mon, Sep 30, 2024

Companies News Today Live Updates on September 30, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Mint

Companies News Today Live Updates on September 30, 2024: Stocks in focus: LIC trims stake in Mahanagar Gas Limited. Details here

Companies News Today Live Updates on September 30, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Gas

•

Mon, Sep 30, 2024

Life Insurance Corporation of India (LIC) has reduced its stake in Mahanagar Gas (MGL) from 9.03% to 6.94% by selling shares worth Rs 314 crore in the open market. MGL's shares have surged 90% over the past year, while its consolidated net profit for the June quarter fell by 22% year-on-year.

The Economic Times

LIC sells 2.09% stake in Mahanagar Gas in open market for Rs 314 crore

Life Insurance Corporation of India (LIC) has reduced its stake in Mahanagar Gas (MGL) from 9.03% to 6.94% by selling shares worth Rs 314 crore in the open market. MGL's shares have surged 90% over the past year, while its consolidated net profit for the June quarter fell by 22% year-on-year.

Finance

Gas

Insurance

•

Fri, Sep 27, 2024

UBS has upgraded the rating on IGL to 'buy' from the previous rating of 'sell' and also lifted its target price from ₹400 to ₹700. Similarly, it has increased the target price for Mahanagar Gas from ₹1,600 to ₹2,400 per share.

Mint

MGL, IGL shares jump 6% each after UBS lifts target price, expects over 30% upside

UBS has upgraded the rating on IGL to 'buy' from the previous rating of 'sell' and also lifted its target price from ₹400 to ₹700. Similarly, it has increased the target price for Mahanagar Gas from ₹1,600 to ₹2,400 per share.

Gas

Rating

•

Tue, Sep 17, 2024

UBS expects an improvement in IGL's volume growth trajectory, while for Mahanagar Gas, the firm expects both organic and inorganic volume growth to continue surpassing expectations.

CNBC TV18

IGL gets an upgrade from UBS, MGL a target raise on strong volume prospects

UBS expects an improvement in IGL's volume growth trajectory, while for Mahanagar Gas, the firm expects both organic and inorganic volume growth to continue surpassing expectations.

Gas

•

Tue, Sep 17, 2024

Mahanagar Gas Ltd (MGL), the city gas distribution company based in Mumbai, has announced price hikes for compressed natural gas (CNG) and domestic piped natural gas (PNG). Effective from midnight on July 08, 2024, the new prices will be Rs 75 per Kg for CNG and Rs 48 per standard cubic meter (SCM) for PNG.

The Economic Times

MGL increases CNG and PNG prices in Mumbai

Mahanagar Gas Ltd (MGL), the city gas distribution company based in Mumbai, has announced price hikes for compressed natural gas (CNG) and domestic piped natural gas (PNG). Effective from midnight on July 08, 2024, the new prices will be Rs 75 per Kg for CNG and Rs 48 per standard cubic meter (SCM) for PNG.

Gas

Gases

•

Mon, Jul 8, 2024

Stocks News

Explained: How to interpret Treynor Ratio in mutual funds

The Treynor ratio evaluates mutual fund performance by measuring risk-adjusted returns against market risk, or beta. It's valuable for assessing funds in diversified portfolios and comparing risk management, but doesn’t account for unsystematic risk and assumes a well-diversified portfolio.

BETA

Zomato grants Rs 330 crore in stock options to employees via ESOPs

Zomato, the renowned food delivery platform, announced the grant of nearly 12 million stock options valued at Rs 330.17 crore under its ESOPs in an official filing on October 2, 2024. The options aim to enhance employee motivation and long-term wealth creation. The majority (11,997,652) of the options belong to the ESOP 2021 plan, while only 116 are from the older ESOP 2014 plan

ZOMATO

WEALTH

FIIs sell Indian stocks worth Rs 31,000 crore in 3 days. Will it get worse?

Emerging market dynamics shift as FIIs offload Rs 30,718 crores of Indian stocks in early October, driven by Chinese market outperformance and low valuations. Geopolitical tensions and economic metrics contribute to uncertain FPI flows, while long-term domestic investors eye potential in financials.

WORTH

5 smallcap stocks with 5-day winning streak despite market dip

ETMarkets identified five stocks from the BSE smallcap segment that saw consistent price increases during this period.

BSE

HC stays order declaring Ola's relation with drivers as employer-employee

The Karnataka High Court has stayed a single judge verdict, which had classified the relationship between ANI Technologies Private Limited (Ola) and its drivers as that of employer-employee. The original ruling required Ola to address complaints of sexual harassment involving its drivers. The interim order that stayed the original judgment was passed by a vacation bench consisting of Justice S R Krishna Kumar and Justice M G Uma, following an appeal by Ola against the earlier judgment dated September 30. In the original order, the single judge had directed Ola and its Internal Complaints Committee (ICC) to pay a compensation of Rs 5 lakh, along with Rs 50,000 in legal costs, to a woman who had filed a complaint of sexual harassment against an Ola driver. The court criticized Ola and its ICC for failing to take appropriate action, citing deliberate negligence. The single judge had ruled that Ola's refusal to act on the complaint based on the claim that drivers are not employees unde

M&M

ARE&M

UMA

Kotak Mahindra Bank among top 5 Navratri picks for up to 27% returns

Domestic brokerage firms Bajaj Broking and Choice Broking have picked certain promising stock picks to capitalize on the market's momentum

KOTAKBANK

M&M

These 8 smallcap stocks may get upgrade to midcap

Based on current average market-cap levels, it is anticipated that the large-cap cut-off to be approximately Rs 1 lakh crore (compared to Rs 84,000 crore as of June 2024) and the mid-cap threshold to hover around Rs 33,300 crore (compared to Rs 27,500 crore as of June 2024, according to Nuvama Alternative Research.

NUVAMA

Top picks! Dalmia Bharat, Prestige Estates Projects among 7 small & midcap stocks that can rally up to 27%

Here's a list of 7 small & midcap stocks that can rally up to 27%, according to Axis Securities:

PRESTIGE

DALBHARAT

Meja Urja Nigam pays first dividend of Rs 102 cr to NTPC, UPRVUNL

Meja Urja Nigam Pvt Ltd, a joint venture between NTPC and UPRVUNL, pays its first-ever dividends of Rs 51 crore each to its parent companies. The company reports a revenue of Rs 4,283 crore and a net profit of Rs 348 crore for FY24, along with significant commercial energy output.

NTPC

URJA

SBI classifies MTNL loan a/c as sub-standard NPA; threatens legal action

State Bank of India classified MTNL's loan accounts as sub-standard non-performing assets due to non-payment since June 30. With a total outstanding of Rs 325.52 crore, SBI warned legal actions if dues remain unpaid, while MTNL seeks government assistance for debt clearance.

SBIN

MTNL

TOTAL

HDFC Bank to see MSCI weight rise with increased FPI investment headroom

Higher FPI investment room opens door for $1.8 bn passive inflows

HDFCBANK

For Rado, India could remain number one market: Global CEO Adrian Bosshard

India could remain Rado's biggest market in the coming years

GLOBAL

Ace Aviation acquires another plane as Jet Airways deal gets delayed

Koish said that procuring another aircraft from the market was 'smooth', demonstrating how efficiently such acquisitions can proceed when all parties cooperate

ACE

JETAIRWAYS

Adani Wilmar sees Q2 standalone revenue to rise 16% on higher sales volumes

Rival Marico, which makes the "Parachute" coconut oils, said on Wednesday it expects Q2 consolidated revenue to grow in the high single-digit percentage range

MARICO

AWL

Adani Wilmar sees Q2 standalone revenue to rise 16% on higher sales volumes

Rival Marico, which makes the "Parachute" coconut oils, said on Wednesday it expects Q2 consolidated revenue to grow in the high single-digit percentage range

MARICO

AWL

How to pick passive mutual funds? Radhika Gupta shares four tips

Radhika Gupta, CEO of Edelweiss Mutual Fund, emphasizes the need for nuanced analysis of passive funds, highlighting four key factors to consider before investing in evolving market options.

EDELWEISS

Lava eyes 10 pc market share in Rs 20K-25K online smartphone segment with Agni 3 launch

Lava International aims to capture 10 per cent market share in the Rs 20,000-25,000 smartphone segment with Agni 3. Priced between Rs 19,999 and Rs 22,999, it features MediaTek Dimensity 7300X chipset and an innovative rear display. Agni 3 will be available on Amazon from October 9. Lava targets a 10 per cent market share in the sub-Rs 30,000 segment by 2025-26.

AGNI

INNOVATIVE

Nifty October futures trade at premium

Reliance Industries, HDFC Bank and State Bank of India were the top traded contracts.

RELIANCE

HDFCBANK

SBIN

Recently listed SME firm shares soar 7%; zoom 255% from IPO issue price

Sahaj Solar stock surged 6.63 per cent at Rs 638.95 per share on the NSE in the intraday trade of Friday

SAHAJ

These 9 largecap stocks may get midcap status

AMFI may revamp stock categories in January, potentially increasing market cap cut-offs for large, mid, and smallcap stocks, according to Nuvama Alternative Research.

NUVAMA

Stock Split: JTL Industries to divide one share into two; Shares update on bonus issue

JTL Industries said the matter related to bonus issue has not been approved by the board.

JTLIND

Stock Market Highlights: Sensex, Nifty 50 record biggest weekly fall since June 2022

Sensex Today | Stock Market Highlights: Today's downturn resulted in BSE-listed companies losing a market capitalisation of ₹18 lakh crore over the week. Broad-based selling dominated the market, with 46 out of 50 Nifty stocks ending in the red.

BSE

Latest Market News Today Live Updates October 4, 2024: Stock market today: Trade setup for Nifty 50 to Israel-Iran war; five stocks to buy or sell on Friday — Oct 4

Latest Market News Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

GLOBAL

Over 50% new investor folios come from smaller cities: Zerodha Mutual Fund

While investors in smaller Indian cities (beyond the top 30) are increasingly investing in mutual funds, they still represent just 19% of total assets under management. This suggests that although participation is rising, the average investment size from these regions remains lower compared to larger cities.

TOTAL

Stocks to watch on Oct 4: Avenue Supermarts, Bank of Baroda, HDFC Bank and more

Check out the stocks that you need to have a close eye on October 4: Avenue Supermarts, Bank of Baroda, HDFC Bank and more.

HDFCBANK

DMART

BANKBARODA

BSE to discontinue weekly derivatives contracts for Sensex50, Bankex; What will happen to current contract?

In a notification, the BSE announced that no new weekly contracts for the SENSEX 50 will be issued after the expiration of current unexpired contracts.

BSE

BoB to sell Oman operation to Bank Dhofar as part of rationalisation

State-owned Bank of Baroda (BoB) on Thursday said it proposes to sell its Oman operation to Bank Dhofar as part of rationalisation of foreign operation. The bank has accorded approval for accepting the offer for acquisition of the banking business of Bank's Oman territory operations by Bank Dhofar on a going concern basis, BoB said in a regulatory filing. This is subject to approval from concerned regulatory authorities, it said. The total business of BoB operation in the country was 113.35 million Omani Rial while the net worth stood at 25.54 million Omani Rial. It is to be noted that the bank has been rationalising its foreign operations based on a comprehensive evaluation framework. As part of this exercise, the wholesale branch in China was closed during 2020-21, and the entire stake in the wholly-owned overseas subsidiary at Trinidad and Tobago viz. Bank of Baroda (Trinidad and Tobago) Ltd was divested by way of sale to Ansa Merchant Bank Ltd. As of March 31, 2024, the BoB's

Rights issues, stock splits, capital raising on Oct 3: Key updates from Premier Polyfilm, Mittal Lifestyle, and more

On October 3, several companies announced important developments, including a rights issue, a stock split, and a major refinancing through bond issuance. Check out these announcements in today's story.

PREMIERPOL

MITTAL

PREMIER

₹10 lakh crore of investor wealth wiped out in a day; Nifty 50, Sensex drop over 2% each

The frontline indices closed down more than 2%, with the Sensex plunging 1,769 points to 82,497 and the Nifty falling 547 points to 25,250.

WEALTH

11 equity mutual funds offer over 40% returns in 2024 so far

Approximately 11 equity mutual funds have delivered returns exceeding 40% in 2024 so far, out of a total of 263 equity mutual funds active in the market during this period.

TOTAL

Dabur's September-quarter update pours cold water on market hopes

Dabur India has flagged significant challenges that could affect its September-quarter results, including projected revenue decline and rising inventory levels. Despite these issues, its international segment is expected to grow, while the company prepares for potential recovery in rural demand.

DABUR

Three reasons why the Indian markets tumbled on October 3

Over ₹10 lakh crore of investor wealth was wiped out in a single day, as the Nifty recorded its steepest drop in two months.

WEALTH

Bharat Forge teams up with US defence giants for next-gen artillery systems, stocks plummet

This partnership aims to co-develop and produce advanced artillery gun platforms, focusing on 105mm and 155mm howitzers with state-of-the-art recoil technology.

BHARATFORG

Alembic Pharma shares jump 5% on final USFDA nod to Seizure treatment drug

According to IQVIA data, the market size for Lamotrigine Extended-Release tablets in these strengths is estimated to be around $163 million for the 12 months ended June 2024.

ALEMBICLTD

Share price of Siemens falls as Sensex drops 1316.69 points

A total of 12,000 shares changed hands on the counter till 12:17PM (IST)

SIEMENS

TOTAL

Mphasis shares drop 2.69% as Sensex falls

A total of 4,704 shares changed hands on the counter till 12:11PM (IST)

MPHASIS

TOTAL

Bajaj Finserv shares down 2.19% as Nifty drops

Bajaj Finserv share price today: Bajaj Finserv stock opened at Rs 1961 and touched an intraday high and low of Rs 1970.75 and Rs 1927.25, respectively, in the session so far. Bajaj Finserv quoted a 52-week high of Rs 2029.90 and a 52-week low of Rs 1419.05. The closing price of the stock on the previous day was Rs 1975.25. A total of 488,428 shares changed hands on the counter till 11:46AM (IST).

BAJAJFINSV

TOTAL

Voltas shares up 0.14% as Nifty drops

A total of 21,239 shares changed hands on the counter till 11:57AM (IST).

VOLTAS

TOTAL

Lupin shares drop 0.44% as Sensex falls

A total of 5,193 shares changed hands on the counter till 11:47AM (IST)

LUPIN

TOTAL

BEL shares decline 0.61% as Sensex slides

A total of 903,665 shares changed hands on the counter till 11:41AM (IST)

BEL

TOTAL

Ambuja Cements shares drop 1.23% as Sensex falls

A total of 17,279 shares changed hands on the counter till 11:25AM (IST)

AMBUJACEM

TOTAL

Stocks to buy: SBI, Tata Motors, ACC, among six October stock picks by Deven Choksey

DRChoksey FinServ has recommended six stocks to buy this month which it projects to have the upside potential of up to 28%. Check out the list of October stock picks here:

TATAMOTORS

ACC

Share price of ACC falls as Sensex drops 1041.72 points

Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.

ACC

LTIMindtree stock price down 0.66 per cent as Sensex slides

As of 30-Jun-2024, promoters held 68.6 per cent stake in the company, while FIIs held 7.28 per cent and domestic institutional investors had 5.44 per cent.

LTIM

Bharat Forge shares drop 0.91% as Sensex falls

The stock quoted a 52-week high of Rs 1826.2 and a 52-week low of Rs 1002.7.

BHARATFORG

Dabur India faces worst stock slump since 2022 amid revenue decline forecast

Dabur on Tuesday said it expects a revenue fall in the mid-single digit percentage range for the quarter ended Sept. 30

DABUR

REC shares down 1.02% as Nifty drops

A total of 275,793 shares changed hands on the counter till 10:51AM (IST).

RECLTD

TOTAL

Colgate-Palmolive shares drop 0.1% as Sensex falls