Buy Mahanagar Gas, target Rs 1,180: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Mahanagar Gas with a target price of Rs 1,180.
The current market price of Mahanagar Gas is Rs 1,166.95.
Time period given by the analyst is intraday when Mahanagar Gas price can reach defined target.
Kunal Bothra recommended to keep a stop loss at Rs 1,135.

Mahanagar Gas, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11,319.93 Crore) operating in Petroleum sector.
Mahanagar Gas key Products/Revenue Segments include Gas Natural which contributed Rs 2,222.75 Crore to Sales Value (99.27 per cent of Total Sales), Other Operating Revenue which contributed Rs 14.15 Crore to Sales Value (0.63 per cent of Total Sales) and Pipes & Fittings which contributed Rs 2.17 Crore to Sales Value (0.09 per cent of Total Sales)for the year ending 31-Mar-2017.
The company’s top management includes Mr.Akhil Mehrotra, Mr.Arun Balakrishnan, Mr.Jainendar Kumar Jain, Mr.Raj Kishore Tewari, Mr.Rajeev Mathur, Mr.Santosh Kumar, Mr.Sunil Porwal, Mr.V N Datt, Mrs.Radhika Haribhakti, Ms.Susmita Sengupta.
Company has SRBC & Co LLP as its auditors.
As on 30-09-2017, the company has a total of 98,777,778 shares outstanding.