NSE: MGL | BSE: 539957

Mid-range Performer

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1332.90 7.70 (0.58%)

32.95% Fall from 52W High

1,531 NSE Volume

NSE 02 Jun, 2025 9:08 AM (IST)

13,166.1

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.

10 Aug 2022

1332.90

0.58%

In India, the market for Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) is quickly expanding as gas is used in a variety of industrial functions. Despite this, the natural gas percentage in India’s energy mix is one of the lowest in the world. This provides MGL with significant potential for growth in terms of market penetration.

Mahanagar Gas Ltd. is trading above its 150 day SMA of 1317.2

Mahanagar Gas Ltd.

10 Aug 2022

1332.90

0.58%

MGL has made a double bottom at 700 level

Buy: Mahanagar Gas Ltd.

Bonanza

In India, the market for Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) is quickly expanding as gas is used in a variety of industrial functions.

Mahanagar Gas Ltd.'s price crossed below 50Day SMA today

Mahanagar Gas Ltd.

10 Aug 2022

1332.90

0.58%

Mahanagar Gas

Hold: Mahanagar Gas Ltd.

ICICI Direct

Mahanagar Gas Ltd.'s price crossed below 50Day SMA today

Mahanagar Gas Ltd.

09 Aug 2022

1332.90

0.58%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Prabhudas Lilladhar

Mahanagar Gas Ltd.'s price crossed below 30Day SMA today

Mahanagar Gas Ltd.

08 Aug 2022

1332.90

0.58%

Strong volumes, resilient margins

Buy: Mahanagar Gas Ltd.

Recommendation Target

ICICI Securities Limited

Mahanagar Gas (MGL) reported its Q1FY23 EBITDA at Rs2.86bn (down 6% YoY, up 32.5% QoQ) vs our estimate of Rs 3bn.

Mahanagar Gas Ltd.'s price crossed below 50Day SMA today

Mahanagar Gas Ltd.

07 Aug 2022

1332.90

0.58%

Margin pressures persist; volumes at a record high

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Mahanagar Gas Ltd. is trading above its 150 day SMA of 1317.2

Mahanagar Gas Ltd.

11 May 2022

1332.90

0.58%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Target

Prabhudas Lilladhar

Mahanagar Gas Ltd.'s price crossed below 50Day SMA today

Mahanagar Gas Ltd.

04 May 2022

1332.90

0.58%

Mahanagar Gas Ltd

Buy: Mahanagar Gas Ltd.

Target

CD Equisearch

Mahanagar Gas Ltd. is trading below its 30 day SMA of 1355.3

Mahanagar Gas Ltd.

15 Mar 2022

1332.90

0.58%

Mahanagar Gas

Hold: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

Event: The Maharashtra government has proposed to reduce VAT on natural gas. MGL is expected to benefit from the proposal (reduction of VAT from 13.5% to 3%). In a likely scenario of the company passing on partial benefit to its customers (| 2-2.5/scm), we expect a revision in our volume growth estimates (incremental ~2% leading to ~19% YoY growth in FY23E) as the discount of CNG to traditional fuels would widen (upwards of 60-65%) in an...

Mahanagar Gas Ltd.'s price crossed below 50Day SMA today

Mahanagar Gas Ltd.

18 Feb 2022

1332.90

0.58%

MAHANAGAR GAS LIMITED

Accumulate: Mahanagar Gas Ltd.

Target

Geojit BNP Paribas

Although MGL witnessed shortage of APM gas and rise in spot gas prices this quarter, its operations returned to normalcy, wherein the company passed increased input costs to customers. This coupled with expansion plans and other government initiatives provide opportunity for growth. We maintain our ACCUMULATE rating on the stock with a rolled forward...

Mahanagar Gas Ltd. has an average target of 1768.67 from 6 brokers.

Is Mahanagar Gas Ltd. worth buying?

517 Votes:

Buy 86.46%

Sell 7.74%

Hold 5.8%

RESEARCH REPORTS

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