Buy Mahanagar Gas, target price Rs 1,705: ICICI Securities
ICICI Securities maintains buy call on Mahanagar Gas with a target price of Rs 1705. The current market price of Mahanagar Gas is Rs 1327.55. Mahanagar Gas, incorporated in 1995, is a Mid Cap company with a market cap of Rs 13537.99 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-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2006.40 crore, up 6.19% from last quarter Total Income of Rs 1889.40 crore and up 21.11% from last year same quarter’s total Income of Rs 1656.74 crore. The company has reported net profit after tax of Rs 247.87 crore…
