NSE: MGL | BSE: 539957

Falling Comet

Download real time

1117.30 4.40 (0.40%)

High volume today

NSE 17 Dec, 2025 3:31 PM (IST)

11,036.4

Market Cap

Above industry Median

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

1117.30

0.40%

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 below all available SMAs

Mahanagar Gas Ltd.

10 Aug 2022

1117.30

0.40%

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 decreased from 366 to 343 in Sep 2025 qtr

Mahanagar Gas Ltd.

10 Aug 2022

1117.30

0.40%

Mahanagar Gas

Hold: Mahanagar Gas Ltd.

ICICI Direct

ICICI Securities Limited increased Buy price target of Mahanagar Gas Ltd. to 1535.0 on 10 Dec, 2025.

Mahanagar Gas Ltd.

09 Aug 2022

1117.30

0.40%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Prabhudas Lilladhar

Number of FII/FPI investors decreased from 366 to 343 in Sep 2025 qtr

Mahanagar Gas Ltd.

08 Aug 2022

1117.30

0.40%

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 decreased from 366 to 343 in Sep 2025 qtr

Mahanagar Gas Ltd.

07 Aug 2022

1117.30

0.40%

Margin pressures persist; volumes at a record high

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Mahanagar Gas Ltd. has an average target of 1555.33 from 6 brokers.

Mahanagar Gas Ltd.

11 May 2022

1117.30

0.40%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Target

Prabhudas Lilladhar

Mahanagar Gas Ltd. is trading below all available SMAs

Mahanagar Gas Ltd.

04 May 2022

1117.30

0.40%

Mahanagar Gas Ltd

Buy: Mahanagar Gas Ltd.

Target

CD Equisearch

Number of FII/FPI investors decreased from 366 to 343 in Sep 2025 qtr

Mahanagar Gas Ltd.

15 Mar 2022

1117.30

0.40%

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 decreased from 366 to 343 in Sep 2025 qtr

Is Mahanagar Gas Ltd. worth buying?

525 Votes:

Buy 86.48%

Sell 7.81%

Hold 5.71%

RESEARCH REPORTS

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