Mgl

As part of the reforms, unified tariff zones have been reduced to two from three previously.

Mahanagar Gas, IGL, Adani Total Gas stocks tumble as Centre trims priority gas allocation

The Centre further trimmed its priority gas allocation to MGL, Indraprastha Gas and Adani Total Gas, sending the stock prices of the firms tumbling.

CNG, PNG prices may go up as government mulls cutting APM gas allocation

City gas distribution companies, including Indraprastha Gas and Mahanagar Gas, would have to review prices of CNG used by vehicles and domestic Piped Natural Gas due to allocation cuts in cheaper APM gas

Mahanagar Gas may have to increase CNG prices, says MD Ashu Shinghal

On April 1, the government hiked the price of cheaper APM gas by 4 percent, or $0.25 per mmBtu. APM gas is sold at cheaper price to CGD players in the country to ensure essential services such as domestic PNG and CNG.

IGL, MGL shares jump 3% after Axis Capital sees 4 positive triggers for city gas companies

Axis Capital said that it prefers companies with higher exposure to CNG as they are set to see the fastest growth in the value chain.

Expect no further changes in CNG prices: Mahanagar Gas' MD

Mahanagar Gas had hiked CNG prices after the government reduced APM gas allocation to the City Gas Distribution (CGD) companies twice in October and November. With partial restoration of APM gas availability to CGD companies in January, Shinghal said the company’s CNG prices are at par with the cheaper gas allocation.

Top gainers and losers today: Stocks that moved the most on January 14

Benchmark indices Nifty and Sensex closed the session with solid gains, although below their intraday highs, as a strong rally in banking, metal, and energy stocks boosted market sentiment.

Morgan Stanley sees 31% upside on MGL shares, says natural gas is 'the fuel of the future for Mumbai'

Morgan Stanley believes that Mahanagar Gas' strong volume growth will drive its market re-rating.

IGL, MGL shares rise as govt asks GAIL and ONGC to divert 0.6 mmscmd gas to city gas firms

New well gas and oil-linked gas will not be auctioned but allocated proportionally on basis of volume to companies, says Oil Ministry

IGL, MGL, Gujarat Gas record sharp gains, rise up to 24% in one month despite cuts in APM allocation

Nuvama Institutional Equities said the fundamentals of these counters are unsupportive as markets are ignoring an imminent profit plunge.

Markets pricing in GST rollout for IGL, MGL, Gujarat Gas, ignoring 'imminent profit plunge', says Nuvama

Following the ~45 percent fall in share prices of these players, IGL, MGL and Gujarat Gas have rebounded sharply from November lows.

IGL, MGL, other gas stocks slide 3% amid reports of no GST inclusion for natural gas in upcoming meeting

Earlier this year, the Petroleum Secretary Pankaj Jain said that solving the taxation problem would lead to the rise in usage of natural gas.

IGL to consider bonus issue on December 10 amid share price fall over lower APM supply

The shares of both MGL and IGL have taken a significant hit of from the highs of the year to fall by more than a third, more so after Centre announced the decision to cut priority gas allocation to city gas distributors.

CNG price hike|CGD cos need to keep prices competitive: Gas regulator official

A CNG crisis is brewing with supply of APM gas running low and government cutting allocation to city gas distribution companies. The gas players may have no option but resort to a price hike.

MGL, IGL shares crack 20% as city distribution firms see further cut in priority gas allocation

With this additional cut, the margin outlook on CGDs has deteriorated with no near-term clarity on the course of action, said brokerages.

CGD companies to be hit as govt cuts cheaper gas allocation for CNG by 20%

State-run Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited (MGL) said that the reduction in APM gas allocation would have an “adverse impact” on their profitability.

Mahanagar Gas, Indraprastha Gas shares crack 15% as profitability to be hit on lower gas allocations

CGD companies are likely to be forced to pass on the majority of the hike in gas cost to end-consumers or else take a huge hit on their margins.

Gainers & Losers: 10 stocks that moved the most on September 17

As many as 1,712 stocks advanced, 22,37 counters declined while 109 were unchanged, official BSE data showed.

IGL stock jumps 6% on UBS upgrade; MGL hits 52-week high after target price boost on strong volume forecast

Shares of IGL surged over 6 percent following UBS's upgrade to 'buy' and target price hike, while MGL stock hit a 52-week high after its target price was raised, both driven by strong volume growth prospects.

Brokerage Radar: MGL, IEX, Kalyan Jewellers, and Chola Investment see target price upgrades

Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes Mahanagar Gas, Tata Steel, Ola Electric and more.

CGD companies to face APM gas crunch in the near-term: MGL head Ashu Shinghal

The shortage of administered price mechanism gas, which is partially subsidised by the government, can be attributed to a rise in consumption and a stagnant domestic production

City Gas Companies seek VAT relief to stay competitive against LPG, EVs: CNBC-TV18

EVs and LPG falls under 5 percent GST as against the excise levy of 14 percent and VAT of 5-10 percent on CNG and PNG. CGD players have reportedly sought standardisation against this difference.

CGD cos up CNG and domestic PNG prices. Are more hikes likely?

City gas distributors have increased prices of compressed natural gas and piped natural gas in their respective geographical areas by at least Re 1 per kilogram on account of rising input costs.

Mahanagar Gas: Why recent correction is not a buying opportunity

Higher input gas costs and a one-time marketing expense led to a sharp fall in the unit EBITDA

Brokerage Radar: Tata Motors, Eicher Motors, Dr. Lal Pathlabs see target price upgrades

Check the brokerage calls and comments on the stocks in action. Today we cover Tata Motors, Eicher Motors, Polycab, Bank of Baroda, and others following their Q4 results.