Mahanagar Gas Ltd. NSE: MGL | BSE: 539957

Falling Comet

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1300.30 17.10 (1.33%)

32.41% Fall from 52W High

371.8K

NSE+BSE Volume

NSE 07 Oct, 2025 10:50 AM (IST)

Mahanagar Gas Ltd. share price target

Mahanagar Gas Ltd. has an average share price target of 1562.50. The consensus estimate represents an upside of 20.16% from the last price of 1300.30. View 12 reports from 6 analysts offering long-term price targets for Mahanagar Gas Ltd..

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

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Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	07 Oct 2025	Mahanagar Gas	Consensus Share Price Target	1300.30	1549.03	-	19.13	buy	pdf Detailed Estimates
	10 Aug 2022	Mahanagar Gas	Bonanza	1300.30	950.00	812.30 (60.08%)		Buy	pdf post cache		Broker Report Techno Funda 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. 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. pdf Copy Link Share on Share on Share on Share on Alert
	10 Aug 2022	Mahanagar Gas	Bonanza	1300.30	950.00	812.30 (60.08%)	Target met	Buy	pdf post cache		Broker Report MGL has made a double bottom at 700 level 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. pdf Copy Link Share on Share on Share on Share on Alert
	10 Aug 2022	Mahanagar Gas	ICICI Direct	1300.30	850.00	812.30 (60.08%)	Target met	Hold	pdf post cache		Broker Report Mahanagar Gas ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	09 Aug 2022	Mahanagar Gas	Prabhudas Lilladhar	1300.30	1103.00	812.30 (60.08%)	Target met	Buy	pdf post cache		Broker Report MAHANAGAR GAS LTD. Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	08 Aug 2022	Mahanagar Gas	ICICI Securities Limited Reco Target	1300.30	980.00	785.20 (65.60%)	Target met	Buy	pdf post cache		Broker Report Strong volumes, resilient margins 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. pdf Copy Link Share on Share on Share on Share on Alert
	07 Aug 2022	Mahanagar Gas	Motilal Oswal Target	1300.30	951.00	817.70 (59.02%)	Target met	Buy	pdf post cache		Broker Report Margin pressures persist; volumes at a record high Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	11 May 2022	Mahanagar Gas	Prabhudas Lilladhar Target	1300.30	1103.00	748.15 (73.80%)		Buy	pdf post cache		Broker Report MAHANAGAR GAS LTD. Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	04 May 2022	Mahanagar Gas	CD Equisearch Target	1300.30	1012.00	766.30 (69.69%)	Target met	Buy	pdf post cache		Broker Report Mahanagar Gas Ltd CD Equisearch pdf Copy Link Share on Share on Share on Share on Alert
	15 Mar 2022	Mahanagar Gas	ICICI Securities Limited Target	1300.30	850.00	753.50 (72.57%)	Target met	Hold	pdf post cache		Broker Report Mahanagar Gas 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... pdf Copy Link Share on Share on Share on Share on Alert
	18 Feb 2022	Mahanagar Gas	Geojit BNP Paribas Target	1300.30	872.00	768.50 (69.20%)	Target met	Accumulate	pdf post cache		Broker Report MAHANAGAR GAS LIMITED 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... pdf Copy Link Share on Share on Share on Share on Alert
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