Mahanagar Gas Ltd.
Share Price Target & Analysis

NSE:MGL

1351.99

VWAP

1358.90

Open

1353.9

Close

1364.10

High

1345.10

Low

1988.00

52 Week High

1348.80 ⇩
-5.10 (-0.38%)

MGL

(OIL & GAS)
30% Momentum

Turnaround Potential

1075.25

52 Week Low

105.78

EPS

22.89

PE

2.41

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 1348.80, this results in a dividend yield of 2.22 %.

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 105.78. NSE:MGL book value per share as of today is 560.23. The current price to book ratio for MGL as of May 23, 2025 is 2.41.

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 49.13% is very crucial parameter which shows that 49.13% investors are anticipating that the price of MGL share should go up with VWAP at 1351.99.

Now, the main question is whether to BUY or SELL, NSE:MGL at current valuation.
As per latest Analysis No. #2424:-

⇑ 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 23, 2025)

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

Mahanagar Gas Ltd. share price moved Down by -0.38% from its previous close of Rs 1353.9. MGL stock last traded price is 1348.80. MGL share price trend is Down with a total of 190195 stocks traded till now. It has touched an intraday high of Rs 1364.10 and an intraday low of Rs 1345.10. The MGL trading at 1348.80, Down by Rs. -5.10, or -0.38 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 -0.38%. MGL share price short term trend is Down. It suggests that MGL Share Price for Tomorrow remains the same with VWAP at 1351.99 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

 1348.80

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: @1409.2

MGL Moving Averages

BUY (13) NEUTRAL (0) SELL (1)
MA Simple Action S1 Expo Action E2
MA_5 1385.48 BUY 1384.33 BUY
MA_12 1355.78 BUY 1362.78 BUY
MA_20 1330.2 BUY 1352.03 BUY
MA_32 1343 BUY 1340.56 BUY
MA_50 1326.38 BUY 1334.45 BUY
MA_100 1313.87 BUY 1342.07 BUY
MA_200 1476.94 SELL 1379.93 BUY

MGL Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 1330.2 Uptrend
MACD 7.63 BUY
ADX 10.14 NO or Weak Trend
DMI (+/-) 25.34 / 22.02 Uptrend

MGL Momentum Oscillators

BUY (6) NEUTRAL (6) SELL (0)
Momentum Oscillators Value Action
RSI 58.54 Neutral
STOCHASTIC_K (Fast) 65.94 Neutral
STOCHASTIC_D (Slow) 53.47 Neutral
CCI 108.63 BUY
PSAR 1328 BUY
TRUE RANGE 50.2 BUY
ATR 54.03 BUY
WILLIAMS R -15.47 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 78.07 Neutral
STOCHASTIC RSI D 26.02 Neutral
MOMENTUM 103.95 BUY

MGL Last 1 Year Trend

Duration Value
1 Year 5.35%
3 Months 2.13%
1 Month 7.96%
1 Week 0.33%

MGL Technical Analysis Summary

Updated on 2025-05-12
Action Overall (%)
BUY 73%
NEUTRAL / HOLD 23%
SELL 3%

Most popular Questions & Answers about MGL


Mahanagar Gas Ltd. stock last traded price is 1348.80. MGL share price moved Down by -0.38% from its previous close of Rs 1353.9.

Mahanagar Gas Ltd. share price trend is Down with a total of 190195 stocks traded till now. It has touched an intraday high of Rs 2007.88 and an intraday low of Rs 1345.10. The MGL trading at 1348.80, Down by Rs. -5.10, or -0.38 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 1351.99.

The market cap of Mahanagar Gas Ltd. is ₹7989.6 (in Cr) as of May 22, 2025.

The current price to earning ratio for Mahanagar Gas Ltd. as of May 22, 2025 is 22.89.

The current price to book ratio for Mahanagar Gas Ltd. as of May 22, 2025 is 2.41.

The highest price of Mahanagar Gas Ltd. stock is ₹1988.00 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 ₹1348.80, Down by Rs. -5.10, or -0.38 percent which suggests that most of the traders are anticipating that the price of MGL share should go Down.

In 2025, 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 2026, 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 2027, 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 -0.38%. The short-term trend for MGL share price is Down. It implies that the share price of MGL will stay the same tomorrow and that intraday traders should treat VWAP at 1351.99 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 1268.3. Compared to the current market price of 1348.80 INR, the MGL stock is Overvalued by 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 105.78. Mahanagar Gas Ltd. book value per share as of today is 560.23. The current price to book ratio for MGL as of May 23, 2025 is 2.41.


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 1426.80 26.06 387.45
IOC 144.06 9.18 123.66
BPCL 318.90 30.6 175.89
HINDPETRO 408.10 34.61 189.02
MGL 1348.80 105.78 560.23
CHENNPETRO 680.60 11.65 502.28
GANDHAR 164.42 7.24 117.1
IRMENERGY 278.20 11.46 227.28
Updated at: 23 May 2025 15:55

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