India's Mahanagar Gas jumps most in nearly 7 weeks

Mahanagar Gas

27/09/2022 07:50

** Shares of Mahanagar Gas  MGAS.NS  rise as much as 4.9% to
836.85 rupees, mark their biggest intraday pct jump since Aug 11
    ** Stock of the natural gas distributor tumbled 8.5% in the
previous two sessions
    ** More than 525,000 MGAS shares change hands, as of 0639
GMT, vs a 30-day avg of 543,121 shares
    ** Twenty-one of 30 analysts covering the stock have a "buy"
or "strong buy" rating, seven have "hold" while two rate it at
"sell"; median PT is 966 rupees - Refinitiv data
    ** Stock down 7.5% YTD, up to last close, vs 13.5% rise in
Nifty Energy index  .NIFTYENR 
 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))