NSE: MGL | BSE: 539957

Mid-range Performer

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1412.40 23.30 (1.68%)

28.95% Fall from 52W High

447.0K NSE+BSE Volume

NSE 30 Jul, 2025 3:31 PM (IST)

13,951.4

Market Cap

Above industry Median

1.3

Beta 1Year

Very High Volatility

Mahanagar Gas Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MGL, BSE:539957 Mahanagar Gas Ltd.

Mahanagar Gas Ltd.

20 Jun 2016

1412.40

1.68%

Company background: Mahanagar Gas Ltd (MGL) is the third largest city gas distribution (CGD) company in India with a history of 20+ years of natural gas distribution in Mumbai and adjoining areas. MGL is promoted by GAIL and British Gas. As of FY2016-end, MGL served 0.47mn vehicles through its 4,646km of pipeline and 188 compressed natura..

Motilal Oswal decreased Buy price target of Mahanagar Gas Ltd. to 1700.0 on 23 Jul, 2025.

Mahanagar Gas Ltd.

20 Jun 2016

1412.40

1.68%

Mahangar Gas Limited

Mahanagar Gas Ltd.

SMC online

Incorporated in 1995, Mahanagar Gas Limited is a city gas distribution company. It supplies natural gas in Mumbai and its surrounding areas. It is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai. CNG is used in motor vehicles and PNG for domestic household use as well as for commercial and industrial use. The company supplies CNG though its network of 180 CNG filling stations which includes stations owned and operated by the company, oil marketing companies and private parties. CNG and PNG businesses account for 65.10% and 34.90%, respectively, of total gas sales revenue. The company distributes natural gas through an...

Number of FII/FPI investors increased from 320 to 366 in Jun 2025 qtr.

Mahanagar Gas Ltd.

20 Jun 2016

1412.40

1.68%

IPO Note - Mahanagar Gas

IPO Note: Mahanagar Gas Ltd.

Aditya Birla Money Limited

Mahanagar Gas Ltd. is one of the largest city gas distribution companies in India with more than 20 years of experience in supplying natural gas and is presently the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, its adjoining areas and the Raigad district in the state of Maharashtra. As at 31st March 2016, MGL supplied CNG to over 0.47 million vehicles through it's network of 188 CNG filling stations, has approximately 0.86 million domestic household subscribers for its PNG service, and over 2,866 commercial and 60 industrial consumers in Mumbai and its adjoining areas. MGL reported sales of `21,216.28 million in FY2016, a growth of ~12.5%...

Number of FII/FPI investors increased from 320 to 366 in Jun 2025 qtr.

Mahanagar Gas Ltd.

17 Jun 2016

1412.40

1.68%

HDFC sec - IPO Note Mahanagar Gas Ltd

Mahanagar Gas Ltd.

HDFC Securities

Mahanagar Gas Ltd is one of the largest city gas distribution (CGD) companies in India having more than 20 years of experience in supplying natural gas in Mumbai and is presently the sole authorised distributor of compressed natural gas (CNG) and piped natural gas (PNG).

Mahanagar Gas Ltd. has an average target of 1624.20 from 5 brokers.

Mahanagar Gas Ltd.

17 Jun 2016

1412.40

1.68%

Mahanagar Gas - IPO

Buy: Mahanagar Gas Ltd.

ICICI Securities Limited

Mahanagar Gas (MGL) is one of India's largest players in the city gas distribution (CGD) business, which has concentrated its operations in Mumbai, adjoining areas and Raigad district in Maharashtra. Incorporated...

Motilal Oswal decreased Buy price target of Mahanagar Gas Ltd. to 1700.0 on 23 Jul, 2025.

Mahanagar Gas Ltd.

17 Jun 2016

1412.40

1.68%

MGL IPO Note 17June2016

Buy: Mahanagar Gas Ltd.

Phillip Capital

and Raigad. The Mumbai Metropolitan Region is a dense urbanindustrial cluster with a population of ~21mn, vehicle universe of ~2mn, and many commercial and industrial establishments. We have a positive view on the CGD sector and recommend investors...

Mahanagar Gas Ltd. has an average target of 1624.20 from 5 brokers.

Mahanagar Gas Ltd.

17 Jun 2016

1412.40

1.68%

Mahanagar Gas Ltd

IPO Subscribe: Mahanagar Gas Ltd.

AUM Capital

Mahanagar Gas Ltd (MGL) is one of India's leading natural gas distribution companies. MGL is a joint venture between GAIL (India) Ltd and the BG Asia Pacific Holdings Pte. Ltd (BGAPH) each of who holds 45% of its Equity Shares. MGL has more than 20 years of experience in supplying natural gas in Mumbai and is presently the sole authorized distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai, its adjoining areas and the Raigad...

Mahanagar Gas Ltd. is trading above its 200 day SMA of 1357.4

Is Mahanagar Gas Ltd. worth buying?

519 Votes:

Buy 86.51%

Sell 7.71%

Hold 5.78%

RESEARCH REPORTS

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