Mahanagar Gas Share Price 📈💰
After the strong results of the December quarter, experts are recommending buying shares of Mahanagar Gas Limited. The company has also announced a dividend of 120% per share after the results. In the third quarter, the company’s EBITDA has increased by 75% on a yearly basis and 6% on a quarterly basis. The results of the company have been better than expected. The share closed at INR 1,345. It has given a return of 55% in one year.
💡 Expert Recommendation
Institutional investors have advised buying shares of Mahanagar Gas Limited after the results of the third quarter. Brokers have stated that the volume has increased by 8% on a yearly basis and there has been an improvement in margins. The price of input gas has also decreased by 24%.
🎯 Target Price
Margin has improved and the brokerage has increased the EBITDA by 5% for the financial year 2025/26. The target price has been increased by 13% to INR 1,601, which is approximately 22% higher than the current level. The share has given a return of 55% in one year and is currently trading at INR 1,345. It has a 52-week high of INR 1,354 and an all-time high of INR 1,377.
💼 Dividend Announcement
Along with the results of the third quarter, Mahanagar Gas Limited has also announced a dividend of 120% or INR 12 per share based on the face value of INR 10. The record date for the dividend has been set as February 5, 2024. The company made the announcement on January 23.
Investors are encouraged to keep an eye on Mahanagar Gas Limited as it continues to show positive growth and attractive returns.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
