{"id":98940,"date":"2023-04-03T19:30:00","date_gmt":"2023-04-03T14:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=98940"},"modified":"2023-04-03T19:00:59","modified_gmt":"2023-04-03T13:30:59","slug":"fundamentally-strong-stock-falls-7-as-govt-plans-on-fair-pricing-of-natural-gas-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fundamentally-strong-stock-falls-7-as-govt-plans-on-fair-pricing-of-natural-gas-check-the-details\/","title":{"rendered":"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3074836788\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mahanagar Gas Ltd (MGL) stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns of around 14 percent to its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2091765442\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Such a sharp fall in the stock price is witnessed after a delay caused by the Cabinet with respect to the decision pertaining to the domestic gas prices. The prices have been kept on hold as the government is still considering recommendations of the \u2018Kirit Parikh committee\u2019 on fair pricing of natural gas.&nbsp;<\/p><p>Apart from MGL, some other gas stocks that are down today include Indraprastha Gas Ltd and Gujarat Gas with a downfall of 3 and 1 percent respectively.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MGL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Mahanagar Gas Ltd<\/a><\/strong> is an India-based natural gas company distributing natural gas through the City Gas Distribution network of pipelines. It distributes compressed natural gas (CNG) for use in vehicles and piped natural gas (PNG) for domestic household, commercial and industrial use.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3205739922\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It operates under the business segment of the sale of natural gas with business operations principally carried out in India. The company generates revenue by way of selling natural gas out of which the sale of CNG accounts for majority of the total gas sales revenue.&nbsp;<\/p><p>Digging into the financials, the revenues and net profits of the company have improved on a QoQ basis with revenues moving up from Rs 1,717 crores in Q2 to 1,838 crores in Q3 and net profits showing a movement from Rs 164 crores in Q2 to Rs 172 crores in Q3.&nbsp;<\/p><p>The profitability ratios of the company exhibited a different scenario with decreasing percentages in the latest financial year. Starting off with the ROE figures which moved down from 20.03 percent in FY20-21 to 17.48 percent in FY21-22. In addition to that, the ROCE figures reported showed a downfall from 27.19 percent in FY20-21 to 23.83 percent in FY21-22.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3166679615\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mahanagar Gas Ltd (MGL) stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8097,7148,7815,8094,8098,8096,8095,6102,5214,5213,3226,948,936,3153,3157,2597,8099],"class_list":["post-98940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gas-stock-to-watch","tag-gas-stocks","tag-gas-stocks-in-india","tag-mahanagar-gas","tag-mahanagar-gas-falls-7","tag-mahanagar-gas-latest-news","tag-mahanagar-gas-share-price","tag-small-cap-stock","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-watch","tag-small-cap-stocks","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-why-did-mahanagar-gas-fall"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns of around 14 percent to its stakeholders.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=98940\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0\" \/>\n<meta property=\"og:description\" content=\"The stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns of around 14 percent to its stakeholders.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=98940\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-03T14:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=98940\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=98940\",\"name\":\"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/?p=98940#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/?p=98940#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg\",\"datePublished\":\"2023-04-03T14:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns of around 14 percent to its stakeholders.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/?p=98940#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/?p=98940\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=98940#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg\",\"width\":1280,\"height\":854,\"caption\":\"nifty Sensex\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=98940#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0 - Trade Brains Features","description":"The stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns of around 14 percent to its stakeholders.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/?p=98940","og_locale":"en_US","og_type":"article","og_title":"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0","og_description":"The stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns of around 14 percent to its stakeholders.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/?p=98940","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-04-03T14:00:00+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/?p=98940","url":"https:\/\/tradebrains.in\/features\/?p=98940","name":"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/?p=98940#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/?p=98940#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg","datePublished":"2023-04-03T14:00:00+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The stock opened its trading hour today at Rs 995.80 and currently trades at Rs 916.65. The stock is bearish with a steep downfall of around 7 percent as compared to the previous closing price of Rs 983.45. Keeping a purview of six months, the stock has been able to deliver returns of around 14 percent to its stakeholders.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/?p=98940#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/?p=98940"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/?p=98940#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-Cover-Image-.jpg","width":1280,"height":854,"caption":"nifty Sensex"},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/?p=98940#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Fundamentally strong stock falls 7% as Govt plans on fair pricing of natural gas; Check the details\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/98940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=98940"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/98940\/revisions"}],"predecessor-version":[{"id":99037,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/98940\/revisions\/99037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/13575"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=98940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=98940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=98940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}