- Wealth PMS (50L+)
In the four years since listing, the volatility in the share prices of Mahanagar Gas is much more compared to its peers – Indraprastha Gas Ltd. and Gujarat Gas Ltd.
Share prices of Mumbai’s only city gas distribution company jumped 3 times to its IPO issue price in the first 17 months of trade. However, currently, the share prices are trading only 2 times higher – which is definitely not bad given the fact that the Indian benchmark index – Nifty 50 – has gained only 40% in the same time period . . .