NSE: MGL | BSE: 539957

Mid-range Performer

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1276.30 11.50 (0.91%)

35.80% Fall from 52W High

366.6K NSE+BSE Volume

NSE 02 Sep, 2025 3:31 PM (IST)

12,607

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

1276.30

0.91%

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%...

Mahanagar Gas Ltd. has an average target of 1567.00 from 5 brokers.

Mahanagar Gas Ltd.

17 Jun 2016

1276.30

0.91%

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. is trading below all available SMAs

Mahanagar Gas Ltd.

17 Jun 2016

1276.30

0.91%

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...

Mahanagar Gas Ltd. has lost -28.78% in the last 1 Year

Mahanagar Gas Ltd.

17 Jun 2016

1276.30

0.91%

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 1567.00 from 5 brokers.

Mahanagar Gas Ltd.

17 Jun 2016

1276.30

0.91%

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 below all available SMAs

Mahanagar Gas Ltd.

15 Jun 2016

1276.30

0.91%

Mahanagar Gas Ltd.

IPO Subscribe: Mahanagar Gas Ltd.

Ashika Research

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of 24,694,500 Equity Shares by the Selling Shareholders (up to 12,347,250 Eq Sh by GAIL (India) Ltd. and up to 12,347,250 Eq Sh by BG Asia Pacific Holdings Pte Ltd.). The Company will not...

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

Is Mahanagar Gas Ltd. worth buying?

521 Votes:

Buy 86.56%

Sell 7.68%

Hold 5.76%

RESEARCH REPORTS

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