Mahanagar Gas Ltd
NSE:MGL
During the last 3 months Mahanagar Gas Ltd insiders have not bought any shares, and have not sold any shares. The stock price has increased by 10% over this period (open performance analysis).
The last transaction was made on
Aug 20, 2019
by
Bg Asia Pacific Holdings Pte. Limited
(Nominee Director)
, who
sold
7.7B INR
worth of MGL shares.
During the last 3 months Mahanagar Gas Ltd insiders have not bought any shares, and have not sold any shares. The stock price has increased by 10% over this period (open performance analysis).
The last transaction was made on
Aug 20, 2019
by
Bg Asia Pacific Holdings Pte. Limited
(Nominee Director)
, who
sold
7.7B INR
worth of MGL shares.
Mahanagar Gas Ltd
Glance View
In the bustling metropolis of Mumbai, where the pulse of the city beats to the rhythm of relentless activity, Mahanagar Gas Ltd. (MGL) stands as a vital artery in its complex infrastructure. Established in 1995, MGL has carved its niche by providing a cleaner, more efficient alternative to traditional fossil fuels through its extensive network of piped natural gas (PNG) and compressed natural gas (CNG) distribution. The company harnesses the synergy of natural gas to fuel households and industries while powering the city's vast fleet of public and private transportation. This seamless integration not only underscores its commitment to sustainability but also positions it as a crucial player in urban energy management by transforming environmental challenges into profitable business avenues. At the core of MGL's success is its sophisticated business model, which thrives on a robust and efficient distribution system. With strategic pipelines snaking through urban landscapes and state-of-the-art CNG stations strategically placed, MGL taps into a steady stream of revenues. Residential users form one pillar of this economic structure, subscribing to the convenience of PNG, eliminating the hassles associated with traditional fuel procurement. On the other hand, the transportation segment, with an ever-increasing demand for green fuel, drives growth through CNG sales. By leveraging India's burgeoning shift towards cleaner energy sources, MGL ensures a stable cash flow, balancing profitability with its mission to contribute to a greener future for one of the world's most dynamic cities.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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