“The return of pricing power will bring back earnings stability and growth similar to FY16-20 and once again make IGL and MGL attractive,” CLSA pointed out.

CLSA commentary fires up Indraprastha Gas, Mahanagar Gas and Gujarat Gas shares

Today’s Pick: Mahanagar Gas (₹988.95): BUY

At the current price of ₹985.45, the stock trades at 14.9 times its trailing 12-month earnings

Mahanagar Gas: Three reasons why investors can accumulate this stock

Mahanagar Gas has agreed to acquire 100% of Unison Enviro from its existing shareholders.

Mahanagar Gas Shares Fall As Analysts Have Mixed Views On Unison Deal

Even as the Unison Enviro acquisition has enhanced the long-term growth outlook of Mahanagar Gas, some analysts are wary of the acquisition impacting earnings in the near term.

Mahanagar Gas drops 2% as investors cash in on gains from Unison Enviro acquisition

Mahanagar Gas announced acquisition of UEPL for Rs 531 crore. UEPL is implementing CGD network in Ratnagiri, Latur & Osmanabad in Maharashtra and Chitradurga & Devengere in Karnataka.

Grasim, M&M, Cipla, Phoenix Mills, Mahanagar Gas: Should you buy, hold or sell?

Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated March 06, 2023.

Buy Mahanagar Gas; target of Rs 1100: Sharekhan

Mahanagar Gas share price: The counter’s 14-day relative strength index (RSI) came at 73. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company’s stock has a price-to-equity (P/E) ratio of 14.92

Mahanagar Gas stock jumps 17% so far in 2023; can they hit Rs 1,100?

Mahanagar Gas-Unison Enviro Acquisition Deal: Tailwinds for the industry in the form of decline in gas prices are also near-term positive

Mahanagar Gas’ Unison Enviro acquisition lights up its growth prospects

TechM focussed on competency building (through both organic and inorganic initiatives) and spends on new-age technologies and transformation initiatives during FY22 and FY23.

TechM, Mahanagar Gas, Godrej Consumer & Pidilite: What analysts said on these 4 stocks

Mahanagar Gas shares rose 7.21% to Rs 972 against the previous close of Rs 906.60 on BSE. The stock opened 2.14% higher at Rs 926 today.

Mahanagar Gas shares hit 52-week high on acquisition of Ashoka Buildcon’s gas arm

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas.