News for Mahanagar Gas Limited (MGL.BO)

Shares of One97 Communications Ltd., Bombay Stock Exchange Ltd. and Hindustan Petroleum Corp. were in focus on Wednesday, after the companies announced their fourth quarter results. Aarti Drugs Ltd. shares rose the most, while Aadhar Housing Finance Ltd. fell the most, among the companies that announced their results for quarter ended March.

Benchmark indices open strong, fueled by FIIs and low oil prices, with Adani Group and M&M leading gains.

Key Results: Godrej Consumer Products, Bank of Baroda, CG Power & Industrial Solutions, HPCL, BSE, Polycab, One 97 Communications, Radico Khaitan, KEI Industries, Poly Medicure, Piramal Enterprises, Kansai Nerolac, Aadhar Housing Finance

Even without the NSE Nifty 50 companies on the list, a wide array of companies are expected to post their fourth quarter results on Tuesday and here's a look at some of the expected results. Alembic Pharmaceuticals Ltd. is projected to report revenue of Rs 1,646.1 crore, with a net profit of Rs 148.8 crore. The company's Ebitda is estimated at Rs 262.5 crore, with a margin of 16.6%.

Indian equity markets ended higher for the week, with the Sensex up 1.6% and Nifty gaining 1.3%, led by largecaps. Smallcaps lagged amid rising volatility. Key triggers ahead include the US Fed rate decision, Q4 results from SBI and Kotak Bank, India-Pakistan border tensions, and crude price swings. FIIs remained net buyers and the Rupee appreciated past 84/USD.

Indian markets ended higher on Wednesday, led by financial stocks, amid strong domestic fundamentals like low inflation and FII inflows, despite global tariff tensions and weak Q4 earnings expectations. Analysts foresee potential rate cuts supporting further momentum.

Mahanagar Gas shares felt most of the pain as the counter dived 6.45 per cent to hit a day low of Rs 1,231.

Stocks including TCS, IndusInd Bank, ICICI Prudential Life, IREDA, Vedanta, Adani Total Gas, Swiggy, NHPC, Dabur India, MGL and Gensol will be in the spotlight on Wednesday, April 16.

CNG prices in Mumbai Metropolitan Region have increased by ₹1.50 per kg, now costing ₹79.50, while piped natural gas rose by ₹1 per unit, reaching ₹49. This marks the fourth CNG price hike in six months, attributed to rising domestic gas prices and exchange rates. Despite the increase, CNG remains a more economical option compared to petrol and diesel.

According to CLSA, the changes are expected to reduce operating expenses (Opex) for Indraprastha Gas Ltd (IGL) and, to some extent, for Mahanagar Gas Ltd (MGL). However, GSPL is anticipated to be the biggest beneficiary of these amendments, as highlighted by the global brokerage firm.

The Petroleum and Natural Gas Regulatory Board has asked stakeholders to submit the details of the gas being consumed, tentative impact in terms of value, etc.

Indian markets ended flat on Friday, with gains in Reliance Industries offsetting losses in IT stocks amid cautious market sentiments. Global uncertainties due to U.S. tariffs and trade policy concerns weighed on investor sentiment. While Nifty showed short-term potential, analysts suggest focusing on large caps and fundamental stocks for future growth amidst ongoing market volatility.

Three persons suffer burn injuries in Mumbai after gas pipeline fire, vehicles damaged, blaze extinguished quickly.

Buoyed by rising consumption of natural gas, Mahanagar Gas (MGL), which retails the commodity for vehicles and households in Mumbai and adjoining areas, will start scouting for contracts by 2025-end.

Stocks including Coal India, Lupin, Power Grid, Indian Bank, Happiest Minds, GR Infraprojects, Anant Raj, MOIL and more will be in the spotlight on Monday, February 03.

State-run Mahanagar Gas Ltd (MGL) on Tuesday reported a 30% fall in net profit for the third quarter. A reduction in gas allocation under the administered price mechanism (APM) hurt profitability.

Mumbai pollution: The Maharashtra government has formed a panel to explore phasing out petrol and diesel vehicles in Mumbai Metropolitan Region (MMR) to curb rising pollution. Headed by Sudhir Kumar Shrivastava, the panel will study feasibility and submit recommendations within three months

Mahanagar Gas Ltd. on Monday said that its board of directors is scheduled to meet on Jan. 28, 2025, to consider and approve interim dividend to the equity shareholders. At the same meeting, which will be organised next Tuesday, the board will also consider and approve the consolidated financial results for the quarter and nine months ended Dec. 31, 2024, according to the company’s exchange filing.

US-based IBC to establish lithium-ion gigafactory in Karnataka, creating jobs and boosting economy with global battery exports.