Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,971.8061.65
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Mahanagar Gas, target price Rs 1,075: Kunal Bothra

Kunal Bothra recommended to keep stoploss at Rs 1025.

ETMarkets.com|
Updated: Nov 19, 2019, 11.41 AM IST
0Comments
Getty Images
Buy
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.
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.

Mahanagar Gas Ltd. 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 Crore in latest quarter. The company’s top management includes Dr.Ashutosh Karnatak, Mr.Arun Balakrishnan, Mr.Deepak Sawant, Mr.Premesh Kumar Jain, Mr.Raj Kishore 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.

Also Read

Buy Lupin, target Rs 777: Kunal Bothra

Buy Lupin, target Rs 782: Kunal Bothra

Buy Lupin, target Rs 805: Kunal Bothra

Buy ITC, target Rs 260: Kunal Bothra

Buy BHEL, target Rs 62: Kunal Bothra

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service