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Tech Summary

Promoter Holding

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MGL

801234567895012345678900123456789.7012345678900123456789
-15.75 (-1.82%)
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Previous Close: 866.45
1D
5D
1M
3M
1Y
5Y
Today's low
844.35
Today's high
876.35
52 week low
665.8
52 week high
929
Volume
208102
About
Tech Summary
DMA(12)
₹894.83
DMA(50)
₹852.33
DMA(100)
₹841.54
DMA(200)
₹804.67
Fund Summary
Market Cap
₹8404.92 Cr.
Enterprise Value
₹7893.06 Cr.
No. of Shares
9.88
P/E
14.08
RoE
20.03
Debt/Equity
0
Valuations
PE Chart
10.011.012.013.014.015.0
PB Chart
1.902.002.102.202.302.402.50
Promoter Holdings
Public : 15.18%
FII : 24.98%
DII : 27.34%
Promoter : 32.5%
Others : 0%
Charts
Debt/Equity
0
Mar, 2018Mar, 2019Mar, 2020Mar, 2021
ROE vs ROCE
2025303540
Mar, 2018Mar, 2019Mar, 2020Mar, 2021
ROE
ROCE
Revenue vs Profitability (1000Cr.)
0.51.01.52.02.53.0
Mar, 2018Mar, 2019Mar, 2020Mar, 2021
Revenue
Profit
Margins(%)
20253035404550
Mar, 2018Mar, 2019Mar, 2020Mar, 2021
Net Margin
Gross Margin
About
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Price Target Potential
Brokerage
Sharekhan
ICICIdirect.com
Nirmal Bang
Target
1000
850
947
Potential
30.57%
10.53%
18.92%
Stock Sentiments
89% Bullish
11% Bearish
18 live trades of Rs. 2,052,054.65
badatrader123
 
Reputation: 0 • 
Today 3:44 PM
MGL FEB23 900 PE
800 Qty (S) Validity Over₹12,000
S
surys-HJgpoGF9j
 
Reputation: 0 • 
Today 3:42 PM
MGL
500 Qty (S) Target achieved₹1,800
Posts by FrontPage Users
NewsBot-display-image
Reputation: 29,671  •  Jan 6 5:46 PM
Buy Mahanagar Gas, target price Rs 1025:  ICICI Securities
Buy Mahanagar Gas, target price Rs 1025: ICICI Securities
Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.
The Economic Times
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Reputation: 29,671  •  Jan 4 4:06 PM
Buy Mahanagar Gas, target price Rs 1103:  Prabhudas Lilladher
Buy Mahanagar Gas, target price Rs 1103: Prabhudas Lilladher
Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.
The Economic Times
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Groww more-display-image
Reputation: 308  •  Dec 19, 2022 4:28 PM

BUY ABOVE 911 ....
LOOKING GOOD...
Chartbusters - chart - 19280988
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Reputation: 29,671  •  Dec 19, 2022 2:46 PM
Stocks to buy today: 6 short-term trading ideas by experts for 19 December
Stocks to buy today: 6 short-term trading ideas by experts for 19 December
We have collated stocks from various experts for traders who have a short-term trading horizon:
The Economic Times
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Groww more-display-image
Reputation: 308  •  Dec 16, 2022 1:42 PM

my view bullish on MGL
MAY BE expected golden crossover ..
Price trade on 20& 50 EMA ABOVE
GO FOR LONG TRADE SHORT TERM POSTIONAL TRADE
Chartbusters - chart - 19064323
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SureStockLevel-display-image
Reputation: 2,236  •  Dec 3, 2022 5:06 PM

#MGL looking good for intraday
Wait for breakout
Chartbusters - chart - 17753725
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Reputation: 29,671  •  Dec 2, 2022 12:43 PM
City Gas Distribution – moving towards a better future
City Gas Distribution – moving towards a better future
In addition to the absolute relief of $2/mmbtu in FY24 (vs Oct 2022 price), the pricing direction announced for the next few years (i.e., escalation of $0.5/mmbtu annually), provides the much-needed visibility and clarity on priority sector gas costs for CGDs, believe experts.
Moneycontrol
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Reputation: 29,671  •  Dec 1, 2022 3:16 PM
Buy Mahanagar Gas, target price Rs 1103 :  Prabhudas Lilladher
Buy Mahanagar Gas, target price Rs 1103 : Prabhudas Lilladher
Mahanagar Gas, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8917.16 Crore) operating in Gas & Petroleum sector.
The Economic Times
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Reputation: 29,671  •  Nov 30, 2022 9:33 PM
Hold Mahanagar Gas; target of Rs 1000: ICICI Direct
Hold Mahanagar Gas; target of Rs 1000: ICICI Direct
ICICI Direct recommended hold rating on Mahanagar Gas with a target price of Rs 1000 in its research report dated November 15, 2022.
Moneycontrol
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Reputation: 29,671  •  Nov 29, 2022 12:28 AM
Buy Mahanagar Gas; target of Rs 1010: Sharekhan
Buy Mahanagar Gas; target of Rs 1010: Sharekhan
Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1010 in its research report dated November 14, 2022.
Moneycontrol
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Reputation: 29,671  •  Nov 28, 2022 11:58 PM
Kirit Parikh Committee report on gas prices likely by Nov 30. What are the key expectations?
Kirit Parikh Committee report on gas prices likely by Nov 30. What are the key expectations?
The draft recommendation will be discussed by members of the committee and finalized on November 29.
Moneycontrol
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Reputation: 29,671  •  Nov 28, 2022 3:16 PM
Buy Mahanagar Gas, target price Rs 1025:  ICICI Securities
Buy Mahanagar Gas, target price Rs 1025: ICICI Securities
Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2022.
The Economic Times
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Reputation: 29,671  •  Nov 21, 2022 1:18 AM
Buy Mahanagar Gas; target of Rs 1010: Sharekhan
Buy Mahanagar Gas; target of Rs 1010: Sharekhan
Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 1010 in its research report dated November 14, 2022.
Moneycontrol
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AkTrader-display-image
Reputation: 1,824  •  Nov 20, 2022 3:02 AM

CMP:897
TARGET: 1300+
INVESTMENT/POSITIONAL
Chartbusters - chart - 16465918
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Reputation: 29,671  •  Nov 18, 2022 10:18 PM
Government policies to play big role in improving fortunes of shares of city gas distribution companies
Government policies to play big role in improving fortunes of shares of city gas distribution companies
A committee is expected to propose a formula that helps reduce prices for the priority sector by about $2/mmBtu or so, bringing the price down to $7/mmBtu from more than $9.2/mmBtu now.
Moneycontrol
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Reputation: 29,671  •  Nov 18, 2022 9:33 PM
City Gas Distribution stocks – Government to play the role of a catalyst in improving their fortunes
City Gas Distribution stocks – Government to play the role of a catalyst in improving their fortunes
A committee is expected to propose a formula that helps reduce prices for the priority sector by about $2/mmBtu or so, bringing the price down to $7/mmBtu from more than $9.2/mmBtu now.
Moneycontrol
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Reputation: 29,671  •  Nov 15, 2022 2:26 PM
Buy Mahanagar Gas, target price Rs 1103:  Prabhudas Lilladher
Buy Mahanagar Gas, target price Rs 1103: Prabhudas Lilladher
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8695.41 Crore) operating in Gas & Petroleum sector.
The Economic Times
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FinoPhia-display-image
Reputation: 6,953  •  Nov 1, 2022 5:58 AM

#MGL : MGL is trading at the upper boundry of the bearish channel if the counter breaks and sustains the pattern then upside move can be seen in the upcoming short term ...
Breakout level @ 876
Keep strict sl
Holding period: 1 week to 4 Weeks
Chartbusters - chart - 14997075
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Ankit-display-image
Reputation: 2,976  •  Oct 15, 2022 3:43 AM
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Equity And Option Trader-display-image
Reputation: 46,428  •  Oct 10, 2022 1:05 PM

Intraday Range: 17000-17300
Short Term Range: 17000-17550
Intraday Range: 38800-39500
Short Term Range: 38800-40000
Major draggers: Majority of the sectors were Flat to Mild Bearish.
Stocks to watch: #SUNTV & #MGL
A probable dark horse: #HFCL
A volatile weekly......read more
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Reputation: 29,671  •  Oct 6, 2022 4:56 PM
Buy Mahanagar Gas, target price Rs 975:  ICICI Securities
Buy Mahanagar Gas, target price Rs 975: ICICI Securities
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8134.84 Crore) operating in Gas & Petroleum sector.
The Economic Times
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Reputation: 29,671  •  Oct 4, 2022 4:31 PM
Buy Mahanagar Gas, target price Rs 975:  ICICI Securities
Buy Mahanagar Gas, target price Rs 975: ICICI Securities
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8043.97 Crore) operating in Gas & Petroleum sector.
The Economic Times
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Reputation: 29,671  •  Oct 3, 2022 10:31 PM
Domestic natural gas price hike may lift ONGC’s earnings by 16%: Kotak Equities
Domestic natural gas price hike may lift ONGC’s earnings by 16%: Kotak Equities
Although the hike is positive, Kotak Equities believes such a higher price is not sustainable and therefore limits the benefits for producers. Besides, the government could take away part of this benefit by imposing an additional windfall gains tax, the brokerage said.
The Economic Times
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Reputation: 29,671  •  Oct 3, 2022 7:56 PM
ONGC, Oil India surge over 6% after govt hikes gas prices
ONGC, Oil India surge over 6% after govt hikes gas prices
The highest target for ONGC goes up to Rs 240, according to Trendlyne data. The average estimate of Rs 171 shows an upside potential of around 29 per cent from current prices. Out of 23 analysts covering the stock, two have buy and strong sell ratings, while 12 have strong buy ratings.
The Economic Times
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Reputation: 29,671  •  Oct 3, 2022 5:18 PM
City gas distributors may face margin pressure; Indraprastha Gas, Mahanagar Gas, Gujarat Gas shares drop
City gas distributors may face margin pressure; Indraprastha Gas, Mahanagar Gas, Gujarat Gas shares drop
On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.
Moneycontrol
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Revanth Nifty Radar-display-image
Reputation: 15,400  •  Sep 30, 2022 5:37 PM

Gas Stocks in correction mode

#GUJGASLTD down 4%

#MGL -5%

#IGL falls 7%

Alert: Gas Pricing update from Govt expected in a week
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Ashutosh Garudkar-display-image
Reputation: 537  •  Sep 21, 2022 10:09 PM

Today's Trade in MGL on sell side
Profit Booked .

* Sell Price - 890.9
* SL - 899.1
* Target - 873.1

Follow me for more Intraday Trades .
FREE

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Aziz-display-image
Reputation: 7,224  •  Sep 16, 2022 2:05 PM
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Reputation: 29,671  •  Sep 13, 2022 7:31 PM
Add Mahanagar Gas, target price Rs 950:  HDFC Securities
Add Mahanagar Gas, target price Rs 950: HDFC Securities
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8729.49 Crore) operating in Gas & Petroleum sector.
The Economic Times
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Reputation: 29,671  •  Sep 12, 2022 4:21 PM
Hot Stocks: Global brokerages on Maruti Suzuki, IGL, Mahanagar Gas, and Gujarat Gas
Hot Stocks: Global brokerages on Maruti Suzuki, IGL, Mahanagar Gas, and Gujarat Gas
The global investment bank expects policy-related developments to be positive for the Indian gas sector. Local developments have the potential to reverse 3-5 years of underperformance, said the note. It maintains IGL as the preferred overall gas pick with a target of Rs 490. It is positive on MGL with a target of Rs 1040, and Gujarat Gas with a target of Rs 580.
The Economic Times
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Reputation: 29,671  •  Sep 6, 2022 12:56 AM
Mahesh V Iyer takes over as Mahanagar Gas Ltd Chairman
Mahesh V Iyer takes over as Mahanagar Gas Ltd Chairman
Iyer is an electrical engineer with more than 36 years of experience in execution of projects in the areas of gas pipelines, LNG terminals, city gas distribution projects, renewables etc, amounting to Rs.40,000 crore.
The Economic Times
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Reputation: 29,671  •  Sep 5, 2022 10:16 PM
The road to hell is paved with good intentions
The road to hell is paved with good intentions
Indias fertilizer subsidy bill this year will top Rs 2.5 trillion. In comparison, total tax collected (centres share) is estimated at Rs 20 trillion; the fertilizer subsidy is not small. Yes, the Russia-Ukraine crisis disrupted ammonia and potash supplies, but the subsidy amount has steadily risen over the past two decades.
The Economic Times
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Reputation: 29,671  •  Aug 27, 2022 5:53 PM
Buy Mahanagar Gas; target of Rs 980: Sharekhan
Buy Mahanagar Gas; target of Rs 980: Sharekhan
Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 980 in its research report dated August 26, 2022.
Moneycontrol
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Reputation: 29,671  •  Aug 22, 2022 6:21 AM
Automakers seek government help as high CNG rates bite
Automakers seek government help as high CNG rates bite
ETIG analysis showed that from peak monthly sales of 29,535 units in March 2022, volumes dropped to 25,480 units in July. CNG-powered vehicle sales have been consistently dropping for five consecutive months, Vahan data showed.
The Economic Times
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Reputation: 29,671  •  Aug 18, 2022 2:26 AM
Gas leaks from pipeline in Mumbai suburb of Kandivali
Gas leaks from pipeline in Mumbai suburb of Kandivali
​​Personnel from the Brihanmumbai Municipal Corporation, Mahanagar Gas Ltd and police rushed to the spot, where vehicles of the Fire Brigade have also arrived, the official said. Efforts were on to plug the gas leak, he added
The Economic Times
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Option Master Intraday-display-image
Reputation: 60,991  •  Aug 17, 2022 2:52 PM

#MGL 880 PE ABOVE 18.2

Target 19.50/22.50

SL 17
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Reputation: 29,671  •  Aug 17, 2022 2:41 AM
Mahanagar Gas cuts prices of CNG by 6 rupees per kg, PNG by 4 rupees
Mahanagar Gas cuts prices of CNG by 6 rupees per kg, PNG by 4 rupees
Reduction in prices have come after the Ministry of Petroleum and Natural Gas revised upwards the allocation of domestically produced natural gas to the city gas distribution company, MGL said. MGL had in the first week of August, increased prices for CNG and PNG by a similar amount, which was the sixth hike since April this year.
The Economic Times
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Equity And Option Trader-display-image
Reputation: 46,428  •  Aug 16, 2022 11:36 PM
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Sameer -display-image
Reputation: 8,319  •  Aug 16, 2022 3:25 PM

16-08-22 Intraday BUY MGL in cash
only Above 915
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Reputation: 29,671  •  Aug 12, 2022 9:01 PM
Up to 24% surge this week! Why city gas distributors are rallying
Up to 24% surge this week! Why city gas distributors are rallying
Shares of Indraprastha Gas have risen 24 per cent this week to a high of Rs 437.60 on BSE. At Friday's high of Rs 901.40 on BSE, shares of Mahanagar Gas were up 14 per cent this truncated week. Shares of Gujarat Gas have risen 11 per cent during the same period.
The Economic Times
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Reputation: 29,671  •  Aug 11, 2022 9:56 PM
Oil ministry to divert gas from industries after CNG, piped gas prices jump 70 pc in a year
Oil ministry to divert gas from industries after CNG, piped gas prices jump 70 pc in a year
Oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel.
The Economic Times
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Reputation: 29,671  •  Aug 11, 2022 8:56 PM
Oil ministry to divert gas from industries after CNG, piped gas prices jump 70 pc in a year
Oil ministry to divert gas from industries after CNG, piped gas prices jump 70 pc in a year
Oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel.
The Economic Times
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Sameer -display-image
Reputation: 8,319  •  Aug 11, 2022 2:56 PM

11-08-22 Intraday BUY MGL in cash
only Above 833
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Equity And Option Trader-display-image
Reputation: 46,428  •  Aug 11, 2022 1:16 PM

Good morning, friends!
First of all, Shubh Raksha Bandhan to all of you. I hope you're doing well. Yesterday after US Inflation data came which was better than expected, their market zoomed and in all probability it'll help us gap up. That's the most important term, Gap Up. It ca......read more
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Reputation: 29,671  •  Aug 11, 2022 3:31 AM
Govt diverts gas from industries to city gas to moderate CNG, piped cooking gas rates
Govt diverts gas from industries to city gas to moderate CNG, piped cooking gas rates
The oil ministry in a notification issued on Wednesday amended an earlier order to increase allocation of domestically produced gas to city gas operators. The allocation for city gas operators like Indraprastha Gas Ltd in Delhi and Mahanagar Gas Ltd of Mumbai has been increased from 17.5 million standard cubic meters per day to 20.78 mmscmd, officials said.
The Economic Times
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Reputation: 29,671  •  Aug 10, 2022 5:33 AM
Buy Mahanagar Gas; target of Rs 930: Sharekhan
Buy Mahanagar Gas; target of Rs 930: Sharekhan
Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 930 in its research report dated August 08, 2022.
Moneycontrol
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Reputation: 29,671  •  Aug 10, 2022 5:33 AM
Buy Mahanagar Gas; target of Rs 951: Motilal Oswal
Buy Mahanagar Gas; target of Rs 951: Motilal Oswal
Motilal Oswal is bullish on Mahanagar Gas recommended buy rating on the stock with a target price of Rs 951 in its research report dated August 07, 2022.
Moneycontrol
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Logical Trader-display-image
Reputation: 1,709  •  Aug 9, 2022 11:30 PM


CHART ATTACHED- DAILY

DOUBLE TOP BUY

ENTRY- ABOV 830 HCB

SL- 790 DCB

EXPECTED TARGET-900, 920
Chartbusters - chart - 11400098
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Reputation: 29,671  •  Aug 8, 2022 4:36 PM
Buy Mahanagar Gas, target price Rs 980:  ICICI Securities
Buy Mahanagar Gas, target price Rs 980: ICICI Securities
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8100.27 Crore) operating in Gas & Petroleum sector.
The Economic Times
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Mk Pro Trader-display-image
Reputation: 2,430  •  Aug 8, 2022 3:31 PM

mde high of 828
810 CE made high of 30
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