India's Mahanagar Gas up on strong Q2 results

Mahanagar Gas

30/10/2023 06:09

** Shares of Mahanagar Gas  MGAS.NS  rise as much as 6.8% to
1,055 rupees
    ** Co reported more than two-fold PAT rise to 3.39 bln
rupees ($40.72 million)from 1.64 bln rupees year ago 
    ** Revenue from operations rose to 17.29 bln rupees from
17.18 bln rupees  
    ** Total volume for the qtr was at 3.575 million metric
standard cubic meters per day, up 4.77% QoQ
    ** More than 1.4 mln shares traded as of 11:37 a.m. IST, 1.9
times their 30-day moving avg
    ** Stock currently up 3%, pushing YTD gains to 21.5% 






($1 = 83.2470 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))