Buy Mahanagar Gas, target price Rs 1025: ICICI Securities
Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.
By ETMarkets.com | Updated:
BCCL
ICICI Securities has buy call on Mahanagar Gas with a target price of Rs 1025. The current market price of Mahanagar Gas is Rs 862.4.
Mahanagar Gas, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8510.69 Crore) operating in Gas & Petroleum sector.
Mahanagar Gas key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 1743.51 Crore, up 8.08 % from last quarter Total Income of Rs 1613.19 Crore and up 87.44 % from last year same quarter Total Income of Rs 930.16 Crore. Company has reported net profit after tax of Rs 163.97 Crore in latest quarter.
The company’s top management includes Mr.Manoj Jain, Mr.Sanjib Datta, Mr.Sanjay Shende, Mr.Syed S Hussain, Ms.Malvika Sinha, Mr.Rajeev Bhaskar Sahi, Mr.Venkatraman Srinivasan, Mr.Baldev Singh. Company has SRBC & Co LLP as its auditors. As on 30-06-2022, the company has a total of 10 Crore shares outstanding.
Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.
Mahanagar Gas, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8510.69 Crore) operating in Gas & Petroleum sector.
Mahanagar Gas key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 1743.51 Crore, up 8.08 % from last quarter Total Income of Rs 1613.19 Crore and up 87.44 % from last year same quarter Total Income of Rs 930.16 Crore. Company has reported net profit after tax of Rs 163.97 Crore in latest quarter.
The company’s top management includes Mr.Manoj Jain, Mr.Sanjib Datta, Mr.Sanjay Shende, Mr.Syed S Hussain, Ms.Malvika Sinha, Mr.Rajeev Bhaskar Sahi, Mr.Venkatraman Srinivasan, Mr.Baldev Singh. Company has SRBC & Co LLP as its auditors. As on 30-06-2022, the company has a total of 10 Crore shares outstanding.
ADVERTISEMENT
Promoter/FII Holdings Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Mahanagar Gas stock likely to see upside in near termADVERTISEMENT
