News for Mahanagar Gas Limited (MGL.NS)

Himadri Speciality has strategically invested in International Battery Company (IBC), acquiring a 16.24% stake to enhance its presence in mobility and energy storage. This move positions both companies to meet the rising global demand for sustainable battery technologies.

The National Stock Exchange announced on Wednesday the exclusion of five securities from the F&O market, effective Aug. 1, 2025. However, the existing unexpired contracts of expiry months May 2025, June 2025 and July 2025 would continue to be available for trading till their respective expiry. Aarti Industries Ltd., Birlasoft Ltd., Hindustan Copper Ltd., Mahanagar Gas Ltd., Piramal Enterprises Ltd., are the five securities to be excluded from the F&O market effective Aug. 1.

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

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 indices closed higher, driven by strong financials and positive domestic factors. JBM Auto, NBCC, and IndusInd Bank surged, while EaseMyTrip, Gensol Engineering, and MGL saw declines.

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.

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.

Foreign Institutional Investors (FIIs) decreased their share by volume in companies listed on NSE to 5.81% as of December 30, 2024, down from 5.89% on September 30, 2024, according to data from primeinfobase.com. At the same time, FIIs added to their holdings in Indiabulls Enterprises, Home First Finance, and IDFC First Bank, while trimming their stakes in IndusInd Bank and Mahanagar Gas. Here's a list: Portfolio Tracker

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

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

Both the benchmark Sensex and Nifty were trading higher at noon on Tuesday. At 12:00 p.m., the NSE Nifty 50 was up 0.44% at 23,190 level and BSE Sensex by 0.37% near 76,600. From HCLTech Ltd., Adani Ports & SEZ Ltd., and Angel One Ltd. to Mahanagar Gas Ltd., here are the stocks that moved the most.

Mahanagar Gas Limited's domestic gas allocation to increase by 26%, boosting profitability and stock performance on NSE.

Puravankara Ltd acquires land in Bengaluru for housing project; Adani Wilmar offers stake sale; GAIL increases gas allocation.

India Business News: Traders anticipate a positive start to the first full week of the New Year, with Nifty futures indicating growth. Consumer stocks like Jubilant Foodwo

Mahanagar Gas shares rose 4% in intraday trade, after the company announced a ₹2 per kg price hike for CNG in Mumbai and nearby areas.

The price adjustment, aimed at offsetting higher costs, raises the delivered CNG price to ₹77 per kg, including taxes, the company said in a statement.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: