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Mahanagar Gas Ltd.
Share Price Target & Analysis

NSE:MGL

1293.23

VWAP

1319.45

Open

1317.85

Close

1329.20

High

1280.00

Low

1580.00

52 Week High

1285.10 ⇩
-32.75 (-2.49%)

MGL

(OIL & GAS)
56.1% Momentum

Turnaround Potential

909.00

52 Week Low

130.50

EPS

27.65

PE

2.47

PB

Deluxe
Quality

Steel
Valuation

#Analysis

NSE: MGL Share Price Financial Analysis & Valuation

Mahanagar Gas Ltd. (MGL) is broadly categorized in OIL & GAS segment industry which deals in Refineries vertical. It is one of Mid Cap company with Market Capitalization of Rs 7989.6 (in Cr). Total number of free float shares are 9.9 (in Lacs). Mahanagar Gas Ltd. is listed on NSE with Exchange ID - INE002S01010 and trading code is NSE:MGL with short name Mahanagar Gas.

Mahanagar Gas Ltd. is also traded in Future & Options (Derivative segment of NSE).

Mahanagar Gas Ltd. is a high yielding company listed on NSE while meeting growth and stability requirements. MGL is also listed in Top 50 NIFTY Dividend Opportunities Company List.

In the past 1 year, Mahanagar Gas Ltd. has declared an equity dividend of Rs 30 per share. At the current share price of MGL at Rs 1285.10, this results in a dividend yield of 2.33 %.

As per the Fundamental Analysis of NSE:MGL, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine MGL underlying value and future prospects. All of this data is available in MGL financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:MGL, it is clearly understood that MGL is Deluxe performer in terms of earnings and profit margins with an EPS of 130.50. NSE:MGL book value per share as of today is 520.65. The current price to book ratio for MGL as of May 16, 2024 is 2.47.

Valuation of the Stock: The current valuation of MGL stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of MGL whether to BUY this stock at current valuation. The delivery percentage of MGL is 46.71% is very crucial parameter which shows that 46.71% investors are anticipating that the price of MGL share should go up with VWAP at 1293.23.

Now, the main question is whether to BUY or SELL, NSE:MGL at current valuation.
As per latest Analysis No. #1556:-

⇑ STRONG BUY MGL if All Greens

⇗ BUY MGL (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD MGL (With Stop Loss) if only 1 Green

⇘ SELL MGL if NO Green Indicator

NSE: MGL Share Price Today (May 16, 2024)

(Mahanagar Gas Ltd. Daily Analysis on the basis of MGL Intraday Graph & Trend)

Mahanagar Gas Ltd. share price moved Down by -2.49% from its previous close of Rs 1317.85. MGL stock last traded price is 1285.10. MGL share price trend is Down with a total of 305862 stocks traded till now. It has touched an intraday high of Rs 1329.20 and an intraday low of Rs 1280.00. The MGL trading at 1285.10, Down by Rs. -32.75, or -2.49 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Down.

NSE: MGL Share Price Tomorrow Prediction

(Mahanagar Gas Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MGL)

Mahanagar Gas Ltd. share price moved Down by -2.49%. MGL share price short term trend is Down. It suggests that MGL Share Price for Tomorrow remains the same with VWAP at 1293.23 will be treated as stop loss for intraday traders. Mahanagar Gas Ltd. Long term investors can follow the MGL long term trend as mentiond in future forecast table.

NSE Code

NSE: MGL

MGL Share Price Today

 1285.10

MGL Share Price Target Prediction for 2024 ^

 1196.7 - 1587.8

MGL Share Price Target Prediction for 2025*^

 1587.8 - 1691.5

MGL Share Price Target Prediction for 2026*^

 1691.5 - 1809.9

MGL Share Price Target Prediction for 2027*^

 1900

MGL Share Price Target Prediction for 2028*^

 1955

MGL Share Price Target Prediction for 2030*^

 2131
MGL Current Book Value 2023
518

*Mahanagar Gas Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^MGL share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MGL Technical Analysis

Candlestick Pattern: @1285.1

MGL Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 1303.77 SELL 1311.12 SELL
MA_12 1375.45 SELL 1352.36 SELL
MA_20 1390.03 SELL 1369.04 SELL
MA_32 1398.12 SELL 1381.6 SELL
MA_50 1384.92 SELL 1381.45 SELL
MA_100 1391.05 SELL 1352.94 SELL
MA_200 1215.09 BUY 1249.78 BUY

MGL Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 1390.03 Downtrend
MACD -16.35 SELL
ADX 23.45 NO or Weak Trend
DMI (+/-) 10.25 / 24.63 Downtrend

MGL Momentum Oscillators

BUY (0) NEUTRAL (9) SELL (3)
Momentum Oscillators Value Action
RSI 37.02 Neutral
STOCHASTIC_K (Fast) 25.24 Neutral
STOCHASTIC_D (Slow) 26.28 Neutral
CCI -98.64 Neutral
PSAR 1427.83 SELL
TRUE RANGE 49.2 Neutral
ATR 52.77 Neutral
WILLIAMS R -88.24 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 37.37 Neutral
STOCHASTIC RSI D 30.52 Neutral
MOMENTUM -143.6 SELL

MGL Last 1 Year Trend

Duration Value
1 Year 19.17%
3 Months -13.57%
1 Month -10.05%
1 Week -6.78%

MGL Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 33%
SELL 60%

Most popular Questions & Answers about MGL


Mahanagar Gas Ltd. stock last traded price is 1285.10. MGL share price moved Down by -2.49% from its previous close of Rs 1317.85.

Mahanagar Gas Ltd. share price trend is Down with a total of 305862 stocks traded till now. It has touched an intraday high of Rs 1595.8 and an intraday low of Rs 1280.00. The MGL trading at 1285.10, Down by Rs. -32.75, or -2.49 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Down and the Stop Loss will be around 1293.23.

The market cap of Mahanagar Gas Ltd. is ₹7989.6 (in Cr) as of May 15, 2024.

The current price to earning ratio for Mahanagar Gas Ltd. as of May 15, 2024 is 27.65.

The current price to book ratio for Mahanagar Gas Ltd. as of May 15, 2024 is 2.47.

The highest price of Mahanagar Gas Ltd. stock is ₹1580.00 in the last 52-week.

The lowest price of Mahanagar Gas Ltd. stock is ₹909.00 in the last 52-week.

Mahanagar Gas Ltd. share trading at ₹1285.10, Down by Rs. -32.75, or -2.49 percent which suggests that most of the traders are anticipating that the price of MGL share should go Down.

In 2023, Stock price target for Mahanagar Gas Ltd. (MGL) are ₹1196.7 on downside and ₹1587.8 on upside. Mahanagar Gas Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Mahanagar Gas Ltd. (MGL) are ₹1587.8 on downside and ₹1691.5 on upside. Mahanagar Gas Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Mahanagar Gas Ltd. (MGL) are ₹1691.5 on downside and ₹1809.9 on upside. Mahanagar Gas Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹1955 Mahanagar Gas Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MGL.

As per the fundamental analysis of Mahanagar Gas Ltd. (MGL), it is of Deluxe quality in terms of earnings and profit margins with an EPS of 130.50. Mahanagar Gas Ltd. book value per share as of today is 520.65. The current price to book ratio for MGL as of May 16, 2024 is 2.47.


NSE:MGL News & Other Useful Information about MGL Share Price


Peer Comparison of NSE: MGL

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Refineries

Company Price EPS BV
RELIANCE 2832.55 62.28 742.84
IOC 161.80 28.06 93.14
BPCL 625.05 122.96 344.39
HINDPETRO 507.35 103.58 289.23
MGL 1285.10 130.5 520.65
MRPL 210.45 20.52 75.61
CHENNPETRO 905.80 182.07 577.05
GANDHAR 222.25 0 72.27
Updated at: 15 May 2024 15:32

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