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Mahanagar Gas Ltd.
Share Price Target & Analysis

NSE:MGL

1349.68

VWAP

1324

Open

1326.9

Close

1374

High

1307

Low

1988

52 Week High

1346.10 ⇧
19.20 (1.45%)

MGL

(OIL & GAS)
29.7% Momentum

Turnaround Potential

1075.25

52 Week Low

107.08

EPS

21.82

PE

2.4

PB

Standard
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 1346.10, this results in a dividend yield of 2.23 %.

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 Standard performer in terms of earnings and profit margins with an EPS of 107.08. NSE:MGL book value per share as of today is 560.23. The current price to book ratio for MGL as of May 01, 2025 is 2.4.

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 41.31% is very crucial parameter which shows that 41.31% investors are anticipating that the price of MGL share should go up with VWAP at 1349.68.

Now, the main question is whether to BUY or SELL, NSE:MGL at current valuation.
As per latest Analysis No. #2322:-

⇑ 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 01, 2025)

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

Mahanagar Gas Ltd. share price moved Up by 1.45% from its previous close of Rs 1326.9. MGL stock last traded price is 1346.10. MGL share price trend is Up with a total of 764409 stocks traded till now. It has touched an intraday high of Rs 1374 and an intraday low of Rs 1307. The MGL trading at 1346.10, Up by Rs. 19.20, or 1.45 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Up.

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 Up by 1.45%. MGL share price short term trend is Up. It suggests that MGL Share Price for Tomorrow remains the same with VWAP at 1349.68 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

 1346.10

MGL Share Price Target Prediction for 2025 ^

 1127.3 - 1626.8

MGL Share Price Target Prediction for 2026*^

 1626.8 - 2128.4

MGL Share Price Target Prediction for 2027*^

 2128.4 - 2277.4

MGL Share Price Target Prediction for 2028*^

 2391

MGL Share Price Target Prediction for 2029*^

 2460

MGL Share Price Target Prediction for 2030*^

 2681
MGL Current Book Value 2024
557.4

*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 2025 2026 2027 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MGL Technical Analysis

Candlestick Pattern: @1317

MGL Moving Averages

BUY (8) NEUTRAL (0) SELL (6)
MA Simple Action S1 Expo Action E2
MA_5 1317.81 SELL 1317.01 SELL
MA_12 1310.47 BUY 1311.53 BUY
MA_20 1318.26 SELL 1309.28 BUY
MA_32 1303.5 BUY 1306.64 BUY
MA_50 1288.6 BUY 1314.99 BUY
MA_100 1307.09 BUY 1359.75 SELL
MA_200 1512.44 SELL 1413.68 SELL

MGL Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 1318.26 Downtrend
MACD 0.15 BUY
ADX 15.36 NO or Weak Trend
DMI (+/-) 19.31 / 23.44 Downtrend

MGL Momentum Oscillators

BUY (3) NEUTRAL (9) SELL (0)
Momentum Oscillators Value Action
RSI 51.59 Neutral
STOCHASTIC_K (Fast) 60.22 Neutral
STOCHASTIC_D (Slow) 80.71 Overbought
CCI 3.16 Neutral
PSAR 1214.88 BUY
TRUE RANGE 37.55 Neutral
ATR 50.75 Neutral
WILLIAMS R -34.77 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 40.34 Neutral
STOCHASTIC RSI D 75.47 Neutral
MOMENTUM 58.7 BUY

MGL Last 1 Year Trend

Duration Value
1 Year -14.11%
3 Months 10.91%
1 Month 4.67%
1 Week 3.1%

MGL Technical Analysis Summary

Updated on 2025-02-24
Action Overall (%)
BUY 40%
NEUTRAL / HOLD 33%
SELL 27%

Most popular Questions & Answers about MGL


Mahanagar Gas Ltd. stock last traded price is 1346.10. MGL share price moved Up by 1.45% from its previous close of Rs 1326.9.

Mahanagar Gas Ltd. share price trend is Up with a total of 764409 stocks traded till now. It has touched an intraday high of Rs 2007.88 and an intraday low of Rs 1307. The MGL trading at 1346.10, Up by Rs. 19.20, or 1.45 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Up and the Stop Loss will be around 1349.68.

The market cap of Mahanagar Gas Ltd. is ₹7989.6 (in Cr) as of Apr 30, 2025.

The current price to earning ratio for Mahanagar Gas Ltd. as of Apr 30, 2025 is 21.82.

The current price to book ratio for Mahanagar Gas Ltd. as of Apr 30, 2025 is 2.4.

The highest price of Mahanagar Gas Ltd. stock is ₹1988 in the last 52-week.

The lowest price of Mahanagar Gas Ltd. stock is ₹1075.25 in the last 52-week.

Mahanagar Gas Ltd. share trading at ₹1346.10, Up by Rs. 19.20, or 1.45 percent which suggests that most of the traders are anticipating that the price of MGL share should go Up.

In 2023, Stock price target for Mahanagar Gas Ltd. (MGL) are ₹1127.3 on downside and ₹1626.8 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 ₹1626.8 on downside and ₹2128.4 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 ₹2128.4 on downside and ₹2277.4 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 ₹2460 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.

The price of Mahanagar Gas Ltd. (MGL) shares moved by 1.45%. The short-term trend for MGL share price is Up. It implies that the share price of MGL will stay the same tomorrow and that intraday traders should treat VWAP at 1349.68 as a stop loss. Investors with a long-term outlook can track MGL long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of MGL stock is 1283.9. Compared to the current market price of 1346.10 INR, the MGL stock is Overvalued by 4.6%.

As per the fundamental analysis of Mahanagar Gas Ltd. (MGL), it is of Standard quality in terms of earnings and profit margins with an EPS of 107.08. Mahanagar Gas Ltd. book value per share as of today is 560.23. The current price to book ratio for MGL as of May 01, 2025 is 2.4.


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 1405.00 26.06 387.45
IOC 137.86 7.46 123.66
BPCL 310.05 32.93 175.89
HINDPETRO 378.70 32.2 189.02
MGL 1346.10 107.08 560.23
CHENNPETRO 612.30 11.65 502.28
GANDHAR 145.39 7.24 117.1
IRMENERGY 287.70 13.08 227.28
Updated at: 30 Apr 2025 15:59

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