Mahanagar Gas (MGL) shares climbed by 3.4% following the announcement of Praveer Srivastava's appointment as Managing Director, effective from April 2026. Despite a notable 11.6% increase in revenue during Q3 FY26, MGL saw a decline of 9.4% in its bottom line for the same period.

Axis Securities maintains a target of 28,080 for the Nifty, emphasizing on quality and sustainable earnings. They have added Kotak Bank, Eternal, and Nestle India to their top investment choices, while removing Mahanagar Gas, HDFC Bank, and Prestige Estate from preferred positions.