NSE: MGL | BSE: 539957

Mid-range Performer

Download real time

1275.10 -12.50 (-0.97%)

35.86% Fall from 52W High

148.1K NSE+BSE Volume

NSE 05 Sep, 2025 1:16 PM (IST)

12,595.2

Market Cap

Below 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

1275.10

-0.97%

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.

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

Mahanagar Gas Ltd.

10 Aug 2022

1275.10

-0.97%

Mahanagar Gas

Hold: Mahanagar Gas Ltd.

ICICI Direct

Axis Direct released a Buy report for Mahanagar Gas Ltd. with a price target of 1540.0 on 04 Sep, 2025.

Mahanagar Gas Ltd.

10 Aug 2022

1275.10

-0.97%

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. has lost -30.64% in the last 1 Year

Mahanagar Gas Ltd.

09 Aug 2022

1275.10

-0.97%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Prabhudas Lilladhar

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

Mahanagar Gas Ltd.

08 Aug 2022

1275.10

-0.97%

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.

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

Mahanagar Gas Ltd.

07 Aug 2022

1275.10

-0.97%

Margin pressures persist; volumes at a record high

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Mahanagar Gas Ltd. has an average target of 1562.50 from 6 brokers.

Mahanagar Gas Ltd.

11 May 2022

1275.10

-0.97%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Target

Prabhudas Lilladhar

Mahanagar Gas Ltd. has lost -30.64% in the last 1 Year

Mahanagar Gas Ltd.

04 May 2022, 12:00AM

1275.10

-0.97%

Mahanagar Gas Ltd

Buy: Mahanagar Gas Ltd.

Target

CD Equisearch

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

Mahanagar Gas Ltd.

15 Mar 2022

1275.10

-0.97%

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...

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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