MGL

Mahanagar Gas Limited

Utilities

Share price

₹1,040

Market cap

₹10,272 Cr

1Y return

▼ 17%

A city gas distribution company, Mahanagar Gas Limited supplies natural gas to residential, commercial, and industrial consumers across Mumbai and adjoining areas, including Raigad District in Maharashtra. The company operates an extensive pipeline network delivering piped cooking gas and compressed natural gas for vehicles. Operating as a franchisee under India's city gas distribution framework, it serves as a key energy infrastructure provider in western India.

Investors holding Mahanagar Gas Limited

Institution

6.75%

Bajaj Allianz Life Insurance

Institution

1.10%

Eastspring Investments

Foreign Investor

1.05%

Recent moves 10

Bajaj Allianz Life InsuranceDecreased

Bajaj Allianz Life Insurance decreased its stake in Mahanagar Gas Limited from 1.26% to 1.10% by selling 156,185 shares. The value of the sold shares is ₹17.19 crore at ₹1100.40 apiece.

Axis Mutual FundDecreased

Axis Mutual Fund trimmed its stake in Mahanagar Gas by selling 3,260 shares, reducing its holding from 1.18% to 1.17%.

Eastspring InvestmentsNew position

Eastspring Investments entered Mahanagar Gas with 1,036,384 shares, a 1.05% stake worth ₹113.84 crore. Eastspring Investments (Singapore) Limited, part of Prudential plc, increased its stake in Mahanagar Gas to 5.01% with 4,952,134 shares, crossing the 5% disclosure threshold on March 9, 2026.

Aditya Birla Sun Life Mutual FundDecreased

Aditya Birla Sun Life Mutual Fund decreased its stake in Mahanagar Gas Limited from 1.34% to 1.33%, selling 4,151 shares for ₹45.68 lakh.

ICICI Prudential Mutual FundNew position

ICICI Prudential Mutual Fund initiated a new position in Mahanagar Gas Limited by purchasing 14,38,250 shares, representing a 1.46% stake in the company. The approximate value of this new position is ₹158.26 crore, based on a share price of ₹1100.40.

PPFAS Mutual FundNew position

PPFAS Mutual Fund initiated a new position in Mahanagar Gas, acquiring 16,60,993 shares for an approximate value of ₹182.78 crore at ₹1100.40 apiece, representing a 1.68% stake in the company. The fund had previously added a smaller number of Mahanagar Gas shares in February 2026 and significantly increased its holdings in May 2026.

HDFC Mutual FundIncreased

HDFC Mutual Fund increased its stake in Mahanagar Gas Limited from 1.73% to 1.74%, buying 1,899 shares, increasing its total to 1,715,001 shares. The shares were valued at approximately ₹20.89 lakh based on the closing price of ₹1100.40.

UTI Mutual FundIncreased

UTI Mutual Fund increased its stake in Mahanagar Gas Limited from 1.80% to 1.85%, buying 41,308 shares worth ₹4.54 Cr at ₹1100.40 apiece.

Eastspring InvestmentsDecreased

Eastspring Investments sold 7,25,150 shares of Mahanagar Gas Limited for ₹69.40 Cr at ₹957.01 apiece in a bulk deal. This transaction reduced Eastspring Investments' stake from 3.15% to 2.41%.

Eastspring InvestmentsIncreased

Eastspring Investments bought 66,037 shares of Mahanagar Gas Limited for ₹6.88 Cr at ₹1042.30 apiece in an open market transaction. This increased its stake from 4.95% to 5.01%, crossing the 5% disclosure threshold.

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