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

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.