Buy Mahanagar Gas, target Rs 875: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Mahanagar Gas Ltd. with a target price of Rs 875. The current market price of Mahanagar Gas Ltd. is Rs 835.6 Time period given by the analyst is Intra Day when Mahanagar Gas Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 820 . Mahanagar Gas Ltd., incorporated in 1995, is a midcap company with a market cap of Rs 8253.87 crore.

Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 2222.75 Crore to Sales Value (99.27 % of Total Sales), Other Operating Revenue which contributed Rs 14.15 Crore to Sales Value (0.63 % of Total Sales) and Pipes & Fittings which contributed Rs 2.17 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 619.34 Crore, up 5.51 % from last quarter Sales of Rs 586.98 Crore and up 16.67 % from last year same quarter Sales of Rs 530.86 Crore Company has reported net profit after tax of Rs 128.33 Crore in latest quarter. The company’s top management includes Mr.Akhil Mehrotra, Mr.Arun Balakrishnan, Mr.Premesh Kumar Jain, Mr.Raj Kishore Tewari, Mr.Rajeev Mathur, Mr.Santosh Kumar, Mr.Satish Gavai, Mr.V N Datt, Mrs.Radhika Haribhakti, Ms.Susmita Sengupta. Company has SRBC & Co LLP as its auditoRs As on 30-09-2018, the company has a total of 98,777,778 shares outstanding.