Mahanagar Gas Ltd. Shines with Strong Performance

Dec 20 2023 10:45 AM IST
share
Share Via
Mahanagar Gas Ltd., a midcap gas transmission and marketing company, has been making waves in the stock market with its strong performance. Its stock price reached a 52-week high of Rs.1220 on December 20, 2023, and has been consistently outperforming the sector. With a 'Strong Buy' rating and positive trend, it is a top pick for investors.

Mahanagar Gas Ltd., a midcap gas transmission and marketing company, has been making headlines recently with its impressive performance in the stock market. On December 20, 2023, the company's stock price reached a 52-week high of Rs.1220, showcasing its strong growth and potential in the industry.

According to MarketsMOJO, a leading stock market analysis platform, Mahanagar Gas Ltd. has been given a 'Strong Buy' rating, making it a top pick for investors. The company has also been listed as part of MOJO Stocks on MarketsMOJO since February 13, 2023, further solidifying its position as a promising stock.

In terms of performance, Mahanagar Gas Ltd. has outperformed the sector by 1.62% and has been on a consecutive gain streak for the last 6 days, with a 4.18% increase in returns during this period. The stock also touched an intraday high of Rs.1220, showing its strong momentum in the market.

Moreover, Mahanagar Gas Ltd. is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price. This further reinforces the company's strong performance and potential for growth.

In comparison to the Sensex, Mahanagar Gas Ltd. has shown an impressive 1-year performance of 33.02%, while the Sensex has only recorded a 16.38% increase. This showcases the company's ability to outperform the market and deliver strong returns for its investors.

Overall, Mahanagar Gas Ltd. is a midcap company that has been gaining attention for its impressive performance in the gas transmission and marketing industry. With a strong stock price and positive ratings from experts, it is definitely a company to watch out for in the stock market.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News