Mahanagar Gas Ltd.
Share Price Target & Analysis

NSE:MGL

1023.8

VWAP

1026

Open

1034.3

Close

1043.6

High

1004

Low

1314

52 Week High

1023.10 ⇩
-11.20 (-1.08%)

MGL

(OIL & GAS)
29.7% Momentum

Turnaround Potential

900

52 Week Low

127.15

EPS

14.02

PE

1.52

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 Small 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 2.93 per share. At the current share price of MGL at Rs 1023.10, this results in a dividend yield of 0.29 %.

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 127.15. NSE:MGL book value per share as of today is 671. The current price to book ratio for MGL as of Oct 23, 2026 is 1.52.

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 33300% is very crucial parameter which shows that 33300% investors are anticipating that the price of MGL share should go up with VWAP at 1023.8.

Now, the main question is whether to BUY or SELL, NSE:MGL at current valuation.
As per latest Analysis No. #4037:-

⇑ 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 (Oct 23, 2026)

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

Mahanagar Gas Ltd. share price moved Down by -1.08% from its previous close of Rs 1034.3. MGL stock last traded price is 1023.10. MGL share price trend is Down with a total of 590802 stocks traded till now. It has touched an intraday high of Rs 1043.6 and an intraday low of Rs 1004. The MGL trading at 1023.10, Down by Rs. -11.20, or -1.08 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Down.

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 Down by -1.08%. MGL share price short term trend is Down. It suggests that MGL Share Price for Tomorrow remains the same with VWAP at 1023.8 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

 1023.10

MGL Share Price Target Prediction for 2026 ^

 943.6 - 1174.5

MGL Share Price Target Prediction for 2027*^

 1174.5 - 1406.8

MGL Share Price Target Prediction for 2028*^

 1406.8 - 1505.3

MGL Share Price Target Prediction for 2029*^

 1581

MGL Share Price Target Prediction for 2030*^

 1626

MGL Share Price Target Prediction for 2035*^

 1772
MGL Current Book Value
667.6

*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 2026 2027 2028 2029 2030 to 2035 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MGL Technical Analysis

Candlestick Pattern: @1084.3

MGL Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 1088.52 SELL 1089.11 SELL
MA_12 1091.12 SELL 1093.04 SELL
MA_20 1103.48 SELL 1097.7 SELL
MA_32 1107.34 SELL 1103.59 SELL
MA_50 1108.06 SELL 1106.56 SELL
MA_100 1112.51 SELL 1109.23 SELL
MA_200 1105.4 SELL 1138.39 SELL

MGL Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 1103.48 Downtrend
MACD -0.72 SELL
ADX 16.87 NO or Weak Trend
DMI (+/-) 17.69 / 16.59 Uptrend

MGL Momentum Oscillators

BUY (3) NEUTRAL (7) SELL (2)
Momentum Oscillators Value Action
RSI 45.33 Neutral
STOCHASTIC_K (Fast) 60.37 Neutral
STOCHASTIC_D (Slow) 76.12 Neutral
CCI -19.3 Neutral
PSAR 1110.45 SELL
TRUE RANGE 28 BUY
ATR 27.28 BUY
WILLIAMS R -73.26 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 56.04 Neutral
STOCHASTIC RSI D 81.38 Overbought
MOMENTUM -50 SELL

MGL Last 1 Year Trend

Duration Value
1 Year -15.79%
3 Months 2.38%
1 Month -4.41%
1 Week 1.79%

MGL Technical Analysis Summary

Updated on 2026-09-09
Action Overall (%)
BUY 13%
NEUTRAL / HOLD 27%
SELL 60%

(powered by Zerodha)

Most popular Questions & Answers about MGL

Mahanagar Gas Ltd. Frequently Asked Questions (FAQs)

Mahanagar Gas Ltd. stock last traded price is 1023.10. MGL share price moved Down by -1.08% from its previous close of Rs 1034.3.

Mahanagar Gas Ltd. share price trend is Down with a total of 590802 stocks traded till now. It has touched an intraday high of Rs 1327.14 and an intraday low of Rs 1004. The MGL trading at 1023.10, Down by Rs. -11.20, or -1.08 percent which suggests that most of the Traders are anticipating that the price of MGL share should go Down and the Stop Loss will be around 1023.8.

The market cap of Mahanagar Gas Ltd. is ₹7989.6 (in Cr) as of Oct 22, 2026.

The current price to earning ratio for Mahanagar Gas Ltd. as of Oct 22, 2026 is 14.02.

The current price to book ratio for Mahanagar Gas Ltd. as of Oct 22, 2026 is 1.52.

The highest price of Mahanagar Gas Ltd. stock is ₹1314 in the last 52-week.

The lowest price of Mahanagar Gas Ltd. stock is ₹900 in the last 52-week.

Mahanagar Gas Ltd. share trading at ₹1023.10, Down by Rs. -11.20, or -1.08 percent which suggests that most of the traders are anticipating that the price of MGL share should go Down.

In 2026, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹943.6 on downside and ₹1174.5 on upside. Mahanagar Gas Ltd. share price target is based on current financial year earings of the company.

In 2027, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹1174.5 on downside and ₹1406.8 on upside. Mahanagar Gas Ltd. share price target is based on forecasted future earnings of the company.

In 2028, Stock price target for Mahanagar Gas Ltd. (MGL) will be around ₹1406.8 on downside and ₹1505.3 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 ₹1626 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 -1.08%. The short-term trend for MGL share price is Down. It implies that the share price of MGL will stay the same tomorrow and that intraday traders should treat VWAP at 1023.8 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 1524.5. Compared to the current market price of 1023.10 INR, the MGL stock is Undervalued by 32.9%.

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 127.15. Mahanagar Gas Ltd. book value per share as of today is 671. The current price to book ratio for MGL as of Oct 23, 2026 is 1.52.


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 1190.00 45.04 428.23
IOC 129.09 39.04 143.21
BPCL 281.95 72.9 210.53
HINDPETRO 338.30 114.21 227.09
MGL 1023.10 127.15 671
CHENNPETRO 1475.60 246.58 793.54
GANDHAR 293.00 16.66 151.1
IRMENERGY 231.45 24.68 249
Updated at: 2026-10-23 15:58:38

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