Mahanagar Gas Ltd. Share Price

Mahanagar Gas - Positive crossover but not worth risk-reward

had a mixed Q1 FY27. Revenue rose about 14% and total volumes grew roughly 7%, with CNG volumes up close to 10%. Profit at around Rs 194 Cr was well up sequentially but still down year on year. The reason sits in gas sourcing. City gas distributors buy cheap domestic APM gas and sell CNG at retail. When the APM allocation gets cut, they top up with costlier imported gas and the margin per unit shrinks even as volumes grow. That is why MGL can post good volume numbers and weaker profit at the same time. Any change in allocation policy or new incentives for domestic PNG moves this stock more than a quarterly print does. The chart has a lesson in it that took me a while to learn. The 20 EMA crossed below the 50 on 28 August. On the face of it, a bearish signal. But look at where the two lines actually sit, 1,099 and 1,109, less than one percent apart, and both drifting lower rather than pulling away from each other. A crossover only means something when the averages then separate. In a flat market the two lines sit on top of each other and cross back and forth, generating signals that lead nowhere. This is one of those. The sideways picture holds up elsewhere. Price at 1,097 is basically unchanged over 60 sessions despite a 12% swing inside them, RSI is 48, and the last full session traded under a third of average volume. Above 1,126 with the averages separating, the setup improves. Below 1,062, the recent low, it weakens.

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Mahanagar Gas Raises CNG & PNG Prices Amid Higher Input Cost

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Mahanagar Gas Ltd. (

) has increased the price of CNG by ₹2 per kg and Domestic Piped Natural Gas (PNG) by ₹1 per Standard Cubic Metre (SCM) across its operating areas. The revised prices are effective from September 1, 2026. CNG in and around Mumbai will cost ₹88 per kg. Why Has MGL Increased Prices? The company has attributed the revision to a significant rise in input gas costs, linked to higher international gas prices amid the ongoing Middle East crisis. MGL sources a portion of the gas required to meet CNG demand through imported spot Regasified Liquefied Natural Gas (RLNG), making its costs sensitive to global gas prices. Understanding the Impact City gas distribution companies purchase natural gas from different sources, including domestic gas allocations and imported LNG. When the cost of gas rises, companies may absorb a portion of the increase or revise retail prices to partially offset higher input costs. For consumers, higher CNG and PNG prices increase fuel and household energy costs. For MGL, the financial impact will depend on factors such as future gas procurement costs, the extent of price pass-through, customer demand and sales volumes. The price revision highlights how changes in global energy markets and imported gas costs can influence domestic CNG and PNG prices. Source: The Hindu No Recommendations

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CNG महंगी! IGL ने ₹3.89/kg बढ़ाए दाम क्या Auto Stocks पर..?

CNG इस्तेमाल करने वालों के लिए बड़ी खबर। Indraprastha Gas Limited (IGL) ने Delhi-NCR में CNG की कीमत ₹3.89 प्रति kg बढ़ा दी है। नई कीमतें 29 अगस्त 2026 सुबह 6 बजे से लागू हो गई हैं। नई CNG कीमतें • Delhi: ₹86.98/kg • Noida: ₹95.59/kg • Ghaziabad: ₹95.59/kg • Gurugram: ₹92.01/kg • Meerut: ₹95.47/kg ---->दाम क्यों बढ़े? IGL के मुताबिक, International LNG prices में तेज बढ़ोतरी हुई है। West Asia crisis और Strait of Hormuz से LNG cargo movements में disruption के कारण imported gas की लागत बढ़ी है। IGL ने कहा कि CNG segment के लिए imported spot LNG की जरूरत भी बढ़ रही है। यानी: Global LNG Cost ↑ ↓ Input Gas Cost ↑ ↓ IGL ने CNG Price बढ़ाई ##Consumers पर क्या असर होगा? सबसे ज्यादा असर: • CNG Cars • Auto-Rickshaws • Taxis • Public Transport • Commercial Vehicles पर पड़ेगा। Fuel cost बढ़ने से taxi और commercial transport operators की operating cost भी बढ़ सकती है। अगर यह cost आगे consumers तक pass होती है, तो transportation और logistics costs पर भी थोड़ा pressure आ सकता है ## IGL के लिए क्या मतलब? Price hike से IGL को बढ़ी हुई input cost का कुछ हिस्सा recover करने में मदद मिल सकती है। हालांकि, investors को यह भी देखना होगा कि: Higher CNG Prices → Demand पर कितना असर डालती हैं? और कंपनी higher gas costs को कितनी efficiently pass-through कर पाती है। Stocks in Focus----> AUTO & GAS DISTRIBUTION STOCKS

IGL GUJARAT ENERGY MARUTI SUZUKI BAJAJ AUTO एक और महत्वपूर्ण बात यह 2026 में Delhi CNG prices में लगभग ₹10/kg की cumulative बढ़ोतरी हो चुकी है। साल की शुरुआत में Delhi में CNG करीब ₹77.09/kg थी, जो अब ₹86.98/kg हो गई है। हालांकि IGL का कहना है कि international gas benchmarks में बढ़ोतरी की तुलना में domestic CNG prices में अब तक काफी कम वृद्धि हुई है। @@Bottom Line CNG की कीमत बढ़ी है, लेकिन असली कहानी Global LNG Cost की है।

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IGL, MGL, ADANI TOTAL GAS RISE UP TO 3.5% AS GOVT APPROVES INCENTIVE SCHEME TO BOOST DOMESTIC PNG CONNECTIONS

Shares of major city gas distributors gained after the government announced incentives to accelerate household PNG connections. Indraprastha Gas, Mahanagar Gas and Adani Total Gas rose 3.5%, 3.3% and 2.2%, respectively. From September, CGD companies will get an additional 200 SCM of cheaper domestic gas for every new household PNG customer who starts using and paying for the service. The move is aimed at reducing LPG import dependence, lowering costs and speeding up investment recovery, while initiatives like National PNG Drive 2.0 will further promote PNG adoption.

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Close crossing last Month High Strategy

Close crossing last Month High Strategy

is trading near its previous month high. • This strategy focuses on stocks that close above the previous month’s high, which often signals fresh momentum and strong buying interest. • A decisive close above this level indicates that the stock is breaking a key resistance zone,potentially starting a new upward trend. • Traders usually look for strong volume, market support, and the stock trading above important moving averages to confirm the breakout strength. • For risk management, many traders place a stop loss slightly below the breakout level while aiming to capture short to medium-term momentum moves. Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing

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Shares of city gas distributors climb on PNG incentive scheme

Shares of

as (IGL), Mahanagar Gas (MGL) and Adani Total Gas rose up to 3.5% on Wednesday after the government approved an incentive scheme to accelerate domestic piped natural gas (PNG) connections. Under the scheme, effective from September 1, 2026, eligible city gas distribution companies will receive an additional 200 standard cubic metres of cheaper, domestically produced APM gas for every incremental billed household PNG connection above a set threshold. The allocation will help replace costlier imported LNG used in the CNG segment, lowering overall sourcing costs. Officials said the measure should cut the payback period on new domestic connections from about 10 years to roughly three years. It aims to convert India’s large pool of unbilled PNG connections into active, paying users and expand the network, reducing reliance on imported LPG amid supply disruptions.

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