Mahanagar Gas shares jump 9%, hit 52-week high post Q4 results. What should investors do now?

Mahanagar Gas’ shares rose by 9% to hit a 52-week high of INR1,088 after the company recorded a Q4 FY2022-23 net profit of INR268.8 crore, up 104% YoY. The firm also reported a FY23 net profit of INR790 crore, up 32% from the previous year. Revenue in Q4 FY2022-23 was up 67% YoY at INR1,771.8 crore, while the board declared a final dividend of INR16 per equity per share for FY23. The consensus recommendation from 24 analysts for the stock is a buy.