Mahanagar Gas Ltd slips for fifth straight session
Mahanagar Gas Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1375.5, down 0.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24697.3. The Sensex is at 80986.38, down 0.59%.Mahanagar Gas Ltd has lost around 7.26% in last one month.Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 4.13% in last one month and is currently quoting at 35250.5, down 0.55% on the day. The volume in the stock stood at 3.09 lakh shares today, compared to the daily average of 7.06 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1375.2, down 0.25% on the day. Mahanagar Gas Ltd tumbled 25.24% in last one year as compared to a 0.56% slide in NIFTY and a 19.3% fall in the Nifty Energy index.
The PE of the stock is 12.56 based on TTM earnings ending June 25.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
25 minutes ago
- Hans India
GNG Electronics IPO Listing on July 30: GMP, Expected Price & Subscription Details
GNG Electronics Ltd refurbishes laptops. The company will list its shares on July 30, 2025. The IPO was open from July 23 to July 25. Shares will be listed on both BSE and NSE. The IPO allotment was finalized on July 28. In the grey market, the stock shows strong demand. The GMP (Grey Market Premium) is ₹90. The IPO price is ₹237 per share. Based on GMP, the expected listing price is ₹327. This gives an estimated 38% gain on listing. The IPO was heavily subscribed. It got 147.93 times total subscription. Retail investors subscribed 46.84 times. This shows high interest and confidence in the company.
Time of India
25 minutes ago
- Time of India
UPI payment without PIN: Is NPCI considering face recognition and biometrics for authorising transactions?
Academy Empower your mind, elevate your skills How will UPI payments change via biometrics? Will you soon be able to approve all UPI transactions just by using your face ID and biometrics, without having to input your PIN every time? There are reports that NPCI (National Payment Corporation of India) is considering enabling UPI payments by way of face ID or biometrics, rendering PIN optional for authenticating UPI Wealth Online approached NPCI for comments; however, they refused to comment on this. They are neither confirming nor denying the development. However, as Akash Sinha, CEO and Founder of Cashfree Payments, explains, biometric-enabled UPI is the next big leap in India's digital payments evolution.'By removing the dependency on manual PIN entry, it paves the way for faster, more frictionless transactions, dramatically improving conversions in high-speed checkout environments. Just as importantly, it strengthens the compliance backbone of our payment infrastructure, ensuring that every transaction is uniquely tied to the individual, not just the device. This is where the future of payments is headed: a seamless blend of intelligence, identity, and trust,' he further present, you have to put in your UPI-PIN, or UPI Personal Identification Number, which is a 4-6 digit passcode, every time you have to authorise any bank implemented, you could soon be able to authorise your UPI transactions using your biometric information, such as fingerprint, eye iris scan, and other distinct physical highlight that this will be a major step in bringing down UPI-related financial frauds. This is because bodily traits are extremely difficult to be stolen, unlike UPI pins, which can be obtained by fraudsters via various Rohit Mahajan, Founder and Managing Partner of plutos ONE, "By removing any need to remember a PIN, not only does this redefine convenience, but it also includes millions of individuals, especially the elderly and those from rural backgrounds, who have less digital literacy, into a space of safe, tech-enabled transactions. Biometrics improve security and reduce fraud by tying access to the individual. For that vast population of users, this then makes transacting digitally virtually frictionless, particularly with those who have difficulty recalling a password or navigating a complex as Mahajan adds, to ensure that this change is effectively deployed, there needs to be serious consideration around the user experience with strong safeguards around data privacy, consent, and infrastructure to the RBI's Payment System Indicators report for June 2025, UPI transaction volume swelled to 18.39 billion, with their total value coming to Rs 24.03 lakh crore. As UPI is steadily gaining a higher market share of payment transactions, this added layer of security is likely to enhance the overall safety of UPI transactions.
Mint
25 minutes ago
- Mint
Market weakness temporary; earnings and capex cycle to drive recovery: Mansi Patel
The Indian stock market has remained range-bound with a negative bias since the start of July. The trend began to shift in late June, after benchmark indices touched a nine-month high. Following the rally that pushed the Nifty 50 and Sensex near record highs, investors have been awaiting clearer earnings signals to justify valuations. However, a muted start to the June-quarter results has dampened sentiment. The absence of fresh triggers and uncertainty surrounding a potential India–US trade deal has also kept investors cautious. The correction has been more pronounced in mid- and small-cap segments, due to their lower liquidity and greater sensitivity to risk-off sentiment. Amid this backdrop of macroeconomic headwinds and earnings uncertainties, Mansi Patel, Head – Investment Counsellor, Institution, shares her insights on the current market trajectory. She discusses what's driving the ongoing correction, whether it presents a buying opportunity, and how sectoral earnings upgrades, rural recovery, and a robust capex cycle could shape equity market trends in the coming months. Edited excerpts: While company-specific earnings remain critical in the long term, macroeconomic forces are currently shaping the ongoing correction in Indian equities. Global macro headwinds—particularly sticky U.S. inflation and elevated bond yields—are the primary culprits. These factors have triggered a broad-based risk-off sentiment and delayed hopes of U.S. Fed rate cuts, resulting in Foreign Institutional Investors (FIIs) turning net sellers after steady inflows in April–May. In contrast, Domestic Institutional Investors (DIIs) have offered strong support, reflecting their belief in India's structural earnings story. Backed by a relatively stable rupee, robust GDP growth, and healthy tax collections, DIIs have continued deploying capital. Notably, the correction has been more pronounced in the mid- and small-cap segments due to lower liquidity and higher volatility. On the earnings front, Q1 FY26 has been a mixed bag. While global-facing sectors like IT services and select NBFCs have seen some softness, large private banks, auto names, and capex-linked industrials have largely met or exceeded expectations so far. Fundamentally, India Inc. remains on solid ground, even if temporarily overshadowed by global developments. The current correction is in line with historical patterns. Over the past decade, the Nifty 50 has seen nearly one 10%+ correction each year, followed by strong rebounds. Excluding black swan events like COVID-19, these corrections have averaged around 11–12%. Institutional consensus suggests this is a healthy pause, not the beginning of a bear market. Despite external headwinds, India's macro setup remains robust—Q4 FY25 GDP growth stood at 7.4%, and rural demand and capex momentum are strengthening. This pullback offers a strategic opportunity to accumulate high-quality stocks at more attractive valuations, especially in sectors like financials, infrastructure, and consumption. A balanced approach is advisable: core exposure to large caps for stability and selective entry into mid- and small-cap ideas with strong fundamentals. Yes, several domestic-facing sectors are poised for earnings upgrades in the coming quarters. Capital goods and infrastructure remain front-runners, powered by the government's ₹ 11.11 lakh crore capex outlay in FY26. Companies like L&T, Siemens India, and ABB are benefiting from strong order inflows and improved execution efficiency. In financials, private banks and NBFCs such as ICICI Bank, Bajaj Finance, and SBI are expected to see stable NIMs and strong credit growth. Manufacturing and industrials are gaining from PLI schemes and the China+1 strategy, benefiting players like Bharat Forge and Cummins India. Auto and auto ancillaries are seeing rural-led demand revival and softer raw material costs, boosting earnings visibility for names like M&M and Bajaj Auto. Healthcare and diagnostics too are on a recovery path, with improving volumes and margin support—players like Apollo Hospitals and Dr. Reddy's stand to benefit. However, global-facing sectors like IT services and chemicals may remain under pressure due to sluggish overseas demand. Corporate commentary on rural markets has turned distinctly positive. NielsenIQ data shows rural FMCG sales grew 11% in Q4 FY25, far outpacing urban growth of 2.6%. FMCG majors like HUL and Colgate report stronger traction in rural areas, especially in smaller SKUs and hygiene products. This recovery is underpinned by better monsoons, rising farm incomes, and lower inflation. Simultaneously, the capex outlook is strengthening. Large banks like SBI and ICICI Bank are witnessing increasing demand for project financing across manufacturing, agriculture, and infrastructure. Energy majors like NTPC and Adani Energy are ramping up investments, while infra players like L&T and KNR Construction report robust pipelines. This dual tailwind of rural consumption and industrial investment bodes well for sustained economic growth. Yes, we continue to accumulate select sectors that align with India's structural and policy-led growth trajectory. Infrastructure, capital goods, and power remain top picks due to the strong capex cycle and government spending. Financials—particularly private banks and high-quality NBFCs—offer stability and earnings momentum. Consumer staples are showing rural-led demand revival, while healthcare is benefiting from volume growth and normalizing input costs. Sectors aligned with digital transformation, such as automation and fintech infrastructure, also present long-term potential. These areas remain core to our buy-on-dips strategy. In the near term, large caps are better positioned due to their stable earnings, stronger balance sheets, and ability to weather macro volatility. Blue-chip names like HDFC Bank, Infosys, and L&T continue to attract institutional flows, especially during FII pullouts. However, recent corrections have improved valuations in mid- and small-cap spaces, reviving interest among long-term investors. With Q1 earnings showing resilience and improved corporate guidance, selective accumulation in quality mid-cap financials, capital goods, and consumption names is underway. A barbell strategy—anchoring portfolios with large-caps while selectively adding high-conviction mid- and small-caps—is the most prudent approach in the current cycle. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
