Buy Mahanagar Gas, target price Rs 1665: Motilal Oswal

Motilal Oswal has buy call on Mahanagar Gas Ltd. with a target price of Rs 1665. The current market price of Mahanagar Gas Ltd. is Rs 1331.9.

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13142.88 Crore) operating in Gas & Petroleum sector.

Mahanagar Gas Ltd. 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 31-12-2023, the company reported a Consolidated Total Income of Rs 1616.83 Crore, up .14 % from last quarter Total Income of Rs 1614.64 Crore and down -5.10 % from last year same quarter Total Income of Rs 1703.64 Crore. Company reported net profit after tax of Rs 317.18 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 32.5 per cent stake in the company as of 31-Dec-2023, while FIIs owned 30.85 per cent, DIIs 17.23 per cent.