India's Mahanagar Gas jumps after Q1 earnings, turns positive YTD

Mahanagar Gas

30/07/2026 10:20

** India's Mahanagar Gas MGAS.NS rises 4.5% to 1,155 rupees
** City gas distributor's Q1 consolidated net profit up 48.5% sequentially, while revenue rises 15% 
** Co says compressed natural gas sales volume up 5.55% sequentially, driving total sales volume growth of 3.1% for the quarter 
** More than 1.6 million shares change hands, ~9.5x of 30-day average daily volume
** Stock rated "buy" on average by 30 brokerages; median PT at 1,350 rupees, as per data compiled by LSEG
** Turns positive YTD, up 1.9%

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))