NIFTY 23907.25 BANK 51135.40

Mahanagar Gas Ltd.
Share Price Target & Analysis

NSE:MGL

1149.26

VWAP

1152.6

Open

1125.35

Close

1174.3

High

1122

Low

1988

52 Week High

1157.50 ⇧
32.15 (2.86%)

MGL

(OIL & GAS)
14.4% Momentum

Turnaround Potential

1017.65

52 Week Low

116.37

EPS

20.39

PE

2.22

PB

Deluxe
Quality

Steel
Valuation

#Analysis

NSE: MGL Share Price Financial Analysis & Valuation

Mahanagar Gas Ltd. (MGL) is broadly categorized in OIL & GAS segment industry which deals in Refineries vertical. It is one of Mid Cap company with Market Capitalization of Rs 7989.6 (in Cr). Total number of free float shares are 9.9 (in Lacs). Mahanagar Gas Ltd. is listed on NSE with Exchange ID - INE002S01010 and trading code is NSE:MGL with short name Mahanagar Gas.

Mahanagar Gas Ltd. is also traded in Future & Options (Derivative segment of NSE).

Mahanagar Gas Ltd. is a high yielding company listed on NSE while meeting growth and stability requirements. MGL is also listed in Top 50 NIFTY Dividend Opportunities Company List.

In the past 1 year, Mahanagar Gas Ltd. has declared an equity dividend of Rs 30 per share. At the current share price of MGL at Rs 1157.50, this results in a dividend yield of 2.59 %.

As per the Fundamental Analysis of NSE:MGL, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine MGL underlying value and future prospects. All of this data is available in MGL financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:MGL, it is clearly understood that MGL is Deluxe performer in terms of earnings and profit margins with an EPS of 116.37. NSE:MGL book value per share as of today is 520.65. The current price to book ratio for MGL as of Nov 23, 2024 is 2.22.

Valuation of the Stock: The current valuation of MGL stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of MGL whether to BUY this stock at current valuation. The delivery percentage of MGL is 43.4% is very crucial parameter which shows that 43.4% investors are anticipating that the price of MGL share should go up with VWAP at 1149.26.

Now, the main question is whether to BUY or SELL, NSE:MGL at current valuation.
As per latest Analysis No. #1859:-

⇑ STRONG BUY MGL if All Greens

⇗ BUY MGL (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD MGL (With Stop Loss) if only 1 Green

⇘ SELL MGL if NO Green Indicator

NSE: MGL Share Price Today (Nov 23, 2024)

(Mahanagar Gas Ltd. Daily Analysis on the basis of MGL Intraday Graph & Trend)

Mahanagar Gas Ltd. share price moved Up by 2.86% from its previous close of Rs 1125.35. MGL stock last traded price is 1157.50. MGL share price trend is Up with a total of 2039170 stocks traded till now. It has touched an intraday high of Rs 1174.3 and an intraday low of Rs 1122. The MGL trading at 1157.50, Up by Rs. 32.15, or 2.86 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Up.

NSE: MGL Share Price Tomorrow Prediction

(Mahanagar Gas Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MGL)

Mahanagar Gas Ltd. share price moved Up by 2.86%. MGL share price short term trend is Up. It suggests that MGL Share Price for Tomorrow remains the same with VWAP at 1149.26 will be treated as stop loss for intraday traders. Mahanagar Gas Ltd. Long term investors can follow the MGL long term trend as mentiond in future forecast table.

NSE Code

NSE: MGL

MGL Share Price Today

 1157.50

MGL Share Price Target Prediction for 2024 ^

 1066.9 - 1596.6

MGL Share Price Target Prediction for 2025*^

 1596.6 - 2128.4

MGL Share Price Target Prediction for 2026*^

 2128.4 - 2277.4

MGL Share Price Target Prediction for 2027*^

 2391

MGL Share Price Target Prediction for 2028*^

 2460

MGL Share Price Target Prediction for 2030*^

 2681
MGL Current Book Value 2023
518

*Mahanagar Gas Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^MGL share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MGL Technical Analysis

Candlestick Pattern: @1312.65

MGL Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 1367.13 SELL 1355.95 SELL
MA_12 1402.37 SELL 1415.44 SELL
MA_20 1447.35 SELL 1469.67 SELL
MA_32 1616.4 SELL 1554.2 SELL
MA_50 1700.59 SELL 1607.74 SELL
MA_100 1739.03 SELL 1638.02 SELL
MA_200 1565.66 SELL 1548.94 SELL

MGL Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 1447.35 Downtrend
MACD -0.78 SELL
ADX 49.07 Strong Trend
DMI (+/-) 10.87 / 41.77 Downtrend

MGL Momentum Oscillators

BUY (2) NEUTRAL (1) SELL (9)
Momentum Oscillators Value Action
RSI 24.35 Oversold
STOCHASTIC_K (Fast) 0.64 Oversold
STOCHASTIC_D (Slow) 7.07 Oversold
CCI -195 SELL
PSAR 1457.76 SELL
TRUE RANGE 33.5 BUY
ATR 54.46 BUY
WILLIAMS R -96.57 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -474.1 SELL

MGL Last 1 Year Trend

Duration Value
1 Year 26.08%
3 Months -26.7%
1 Month -26.53%
1 Week -8.69%

MGL Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 10%
NEUTRAL / HOLD 3%
SELL 87%

Most popular Questions & Answers about MGL


Mahanagar Gas Ltd. stock last traded price is 1157.50. MGL share price moved Up by 2.86% from its previous close of Rs 1125.35.

Mahanagar Gas Ltd. share price trend is Up with a total of 2039170 stocks traded till now. It has touched an intraday high of Rs 2007.88 and an intraday low of Rs 1122. The MGL trading at 1157.50, Up by Rs. 32.15, or 2.86 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Up and the Stop Loss will be around 1149.26.

The market cap of Mahanagar Gas Ltd. is ₹7989.6 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Mahanagar Gas Ltd. as of Nov 22, 2024 is 20.39.

The current price to book ratio for Mahanagar Gas Ltd. as of Nov 22, 2024 is 2.22.

The highest price of Mahanagar Gas Ltd. stock is ₹1988 in the last 52-week.

The lowest price of Mahanagar Gas Ltd. stock is ₹1017.65 in the last 52-week.

Mahanagar Gas Ltd. share trading at ₹1157.50, Up by Rs. 32.15, or 2.86 percent which suggests that most of the traders are anticipating that the price of MGL share should go Up.

In 2023, Stock price target for Mahanagar Gas Ltd. (MGL) are ₹1066.9 on downside and ₹1596.6 on upside. Mahanagar Gas Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Mahanagar Gas Ltd. (MGL) are ₹1596.6 on downside and ₹2128.4 on upside. Mahanagar Gas Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Mahanagar Gas Ltd. (MGL) are ₹2128.4 on downside and ₹2277.4 on upside. Mahanagar Gas Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹2460 Mahanagar Gas Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MGL.

The price of Mahanagar Gas Ltd. (MGL) shares moved by 2.86%. The short-term trend for MGL share price is Up. It implies that the share price of MGL will stay the same tomorrow and that intraday traders should treat VWAP at 1149.26 as a stop loss. Investors with a long-term outlook can track MGL long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of MGL stock is 1395.3. Compared to the current market price of 1157.50 INR, the MGL stock is Undervalued by 17%.

As per the fundamental analysis of Mahanagar Gas Ltd. (MGL), it is of Deluxe quality in terms of earnings and profit margins with an EPS of 116.37. Mahanagar Gas Ltd. book value per share as of today is 520.65. The current price to book ratio for MGL as of Nov 23, 2024 is 2.22.


NSE:MGL News & Other Useful Information about MGL Share Price


Peer Comparison of NSE: MGL

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Refineries

Company Price EPS BV
RELIANCE 1264.00 27 387.45
IOC 132.90 11.14 125.39
BPCL 286.00 30.04 172.2
HINDPETRO 361.00 20.48 192.82
MGL 1157.50 116.37 520.65
CHENNPETRO 583.25 46.03 577.05
GANDHAR 205.56 9.91 113.65
IRMENERGY 366.70 16.38 223.27
Updated at: 22 Nov 2024 15:30

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