Mahanagar Gas Ltd.
Share Price Target & Analysis

NSE:MGL

1091.25

VWAP

1081.5

Open

1084.3

Close

1101

High

1081.5

Low

1378

52 Week High

1097.70 ⇧
13.40 (1.24%)

MGL

(OIL & GAS)
41.4% Momentum

Turnaround Potential

900

52 Week Low

127.15

EPS

15.04

PE

1.64

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 Small 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 2.73 per share. At the current share price of MGL at Rs 1097.70, this results in a dividend yield of 0.25 %.

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 127.15. NSE:MGL book value per share as of today is 671. The current price to book ratio for MGL as of Sep 10, 2026 is 1.64.

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 121170% is very crucial parameter which shows that 121170% investors are anticipating that the price of MGL share should go up with VWAP at 1091.25.

Now, the main question is whether to BUY or SELL, NSE:MGL at current valuation.
As per latest Analysis No. #3838:-

⇑ 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 (Sep 10, 2026)

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

Mahanagar Gas Ltd. share price moved Up by 1.24% from its previous close of Rs 1084.3. MGL stock last traded price is 1097.70. MGL share price trend is Up with a total of 45694 stocks traded till now. It has touched an intraday high of Rs 1101 and an intraday low of Rs 1081.5. The MGL trading at 1097.70, Up by Rs. 13.40, or 1.24 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 1.24%. MGL share price short term trend is Up. It suggests that MGL Share Price for Tomorrow remains the same with VWAP at 1091.25 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

 1097.70

MGL Share Price Target Prediction for 2026 ^

 943.6 - 1208.7

MGL Share Price Target Prediction for 2027*^

 1208.7 - 1475.3

MGL Share Price Target Prediction for 2028*^

 1475.3 - 1578.6

MGL Share Price Target Prediction for 2029*^

 1658

MGL Share Price Target Prediction for 2030*^

 1705

MGL Share Price Target Prediction for 2035*^

 1858
MGL Current Book Value
667.6

*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 2026 2027 2028 2029 2030 to 2035 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MGL Technical Analysis

Candlestick Pattern: @1077.7

MGL Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 1089.54 SELL 1087.23 SELL
MA_12 1110.46 SELL 1102.3 SELL
MA_20 1115.83 SELL 1107.17 SELL
MA_32 1108.14 SELL 1111.21 SELL
MA_50 1119.28 SELL 1112.33 SELL
MA_100 1116.07 SELL 1112.72 SELL
MA_200 1109.98 SELL 1142.31 SELL

MGL Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 1115.83 Downtrend
MACD -5.73 SELL
ADX 22.01 NO or Weak Trend
DMI (+/-) 17.14 / 20.76 Downtrend

MGL Momentum Oscillators

BUY (0) NEUTRAL (6) SELL (6)
Momentum Oscillators Value Action
RSI 41.31 Neutral
STOCHASTIC_K (Fast) 21.08 Neutral
STOCHASTIC_D (Slow) 10.78 Oversold
CCI -143.71 SELL
PSAR 1153.17 SELL
TRUE RANGE 27.8 Neutral
ATR 30.21 Neutral
WILLIAMS R -85.88 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 25.27 Neutral
STOCHASTIC RSI D 8.42 Oversold
MOMENTUM -38 SELL

MGL Last 1 Year Trend

Duration Value
1 Year -15.97%
3 Months 0.05%
1 Month -3.41%
1 Week -2.15%

MGL Technical Analysis Summary

Updated on 2026-09-01
Action Overall (%)
BUY 0%
NEUTRAL / HOLD 23%
SELL 77%

Most popular Questions & Answers about MGL (/ FAQ MGL)


Mahanagar Gas Ltd. stock last traded price is 1097.70. MGL share price moved Up by 1.24% from its previous close of Rs 1084.3.

Mahanagar Gas Ltd. share price trend is Up with a total of 45694 stocks traded till now. It has touched an intraday high of Rs 1391.78 and an intraday low of Rs 1081.5. The MGL trading at 1097.70, Up by Rs. 13.40, or 1.24 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 1091.25.

The market cap of Mahanagar Gas Ltd. is ₹7989.6 (in Cr) as of Sep 09, 2026.

The current price to earning ratio for Mahanagar Gas Ltd. as of Sep 09, 2026 is 15.04.

The current price to book ratio for Mahanagar Gas Ltd. as of Sep 09, 2026 is 1.64.

The highest price of Mahanagar Gas Ltd. stock is ₹1378 in the last 52-week.

The lowest price of Mahanagar Gas Ltd. stock is ₹900 in the last 52-week.

Mahanagar Gas Ltd. share trading at ₹1097.70, Up by Rs. 13.40, or 1.24 percent which suggests that most of the traders are anticipating that the price of MGL share should go Up.

In 2026, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹943.6 on downside and ₹1208.7 on upside. Mahanagar Gas Ltd. share price target is based on current financial year earings of the company.

In 2027, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹1208.7 on downside and ₹1475.3 on upside. Mahanagar Gas Ltd. share price target is based on forecasted future earnings of the company.

In 2028, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹1475.3 on downside and ₹1578.6 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 ₹1705 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 1.24%. 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 1091.25 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 1524.5. Compared to the current market price of 1097.70 INR, the MGL stock is Undervalued by 28%.

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 127.15. Mahanagar Gas Ltd. book value per share as of today is 671. The current price to book ratio for MGL as of Sep 10, 2026 is 1.64.


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 1273.50 45.04 428.23
IOC 135.53 39.04 143.21
BPCL 303.70 72.9 210.53
HINDPETRO 352.00 114.21 227.09
MGL 1097.70 127.15 671
CHENNPETRO 1589.60 246.58 793.54
GANDHAR 273.75 16.66 151.12
IRMENERGY 282.50 24.68 249
Updated at: 2026-09-10 11:02:36

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