Mahanagar Gas(MGL) - Simple Breakdown🌟 Good News & Why It Could Grow
🏦 Big investor just bought in – A large institution called Eastspring Investments bought a 5% stake in MGL. When big money moves in, it's usually a good sign.
☀️ Not just gas anymore – MGL is branching out into solar energy, biogas, and even EV batteries. Smart move
Mahanagar Gas Ltd
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85.05 INR
8.41 B INR
82.46 B INR
56.80 M
Next report date
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Report period
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EPS estimate
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Details
Sector
Industry
Website
Headquarters
Mumbai
Founded
1995
IPO date
Jul 1, 2016
ISIN
INE002S01010
FIGI
BBG00BGKKR83
Identifiers
ISIN INE002S01010
Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. Its businesses include Domestic PNG, Commercial PNG, CNG, Industrial PNG, and Gas Geysers. The company was founded on May 8, 1995, and is headquartered in Mumbai, India.
[Short Term]MGL at a Critical Inflection PointMahanagar Gas Ltd is currently trading at a decisive zone where long-term structure and short-term price behavior are colliding. After a strong multi-year uptrend, the stock entered a prolonged corrective phase marked by lower highs and sustained selling pressure from the top. However, price has now
Mahanagar Gas (MGL): A High-Volume Channel BreakoutThe Macro Context Mahanagar Gas Limited (NSE: MGL) has successfully broken out of a multi-month Descending Channel on the Daily timeframe. After a prolonged corrective phase characterized by lower highs and lower lows, the stock has staged a sharp recovery. This breakout is significant as it signals
MGL | Gann Square of 9 – 90° Reversal Case Study | 28 Mar 2022This idea demonstrates a historical intraday example of how the Gann Square of 9 can be applied on TradingView to identify precise reversal zones using price–degree relationships.
On 28 March 2022, Mahanagar Gas Ltd (MGL) established its 0° reference point near the session high and then declined sh
Mahanagar Gas Ltd (MGL) | Gann Square of 9 – 45° Reaction | 28 JThis idea shares a historical intraday case study on Mahanagar Gas Ltd (MGL), demonstrating how Gann Square of 9 price-degree mapping helps identify logical reaction zones.
On 28 July 2022, MGL opened with a downward bias and established its 0° reference based on the Gann Square of 9 framework.
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Summarizing what the indicators are suggesting.
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Neutral
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An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current price of MGL is 1,124.05 INR — it has increased by 1.27% in the past 24 hours. Watch Mahanagar Gas Ltd stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange Mahanagar Gas Ltd stocks are traded under the ticker MGL.
MGL stock has risen by 4.31% compared to the previous week, the month change is a −2.11% fall, over the last year Mahanagar Gas Ltd has showed a −19.15% decrease.
We've gathered analysts' opinions on Mahanagar Gas Ltd future price: according to them, MGL price has a max estimate of 1,822.00 INR and a min estimate of 1,020.00 INR. Watch MGL chart and read a more detailed Mahanagar Gas Ltd stock forecast: see what analysts think of Mahanagar Gas Ltd and suggest that you do with its stocks.
MGL stock is 6.94% volatile and has beta coefficient of 1.55. Track Mahanagar Gas Ltd stock price on the chart and check out the list of the most volatile stocks — is Mahanagar Gas Ltd there?
Today Mahanagar Gas Ltd has the market capitalization of 109.12 B, it has decreased by −1.31% over the last week.
Yes, you can track Mahanagar Gas Ltd financials in yearly and quarterly reports right on TradingView.
Mahanagar Gas Ltd is going to release the next earnings report on Oct 22, 2026. Keep track of upcoming events with our Earnings Calendar.
MGL earnings for the last quarter are 13.40 INR per share, whereas the estimation was 14.96 INR resulting in a −10.43% surprise. The estimated earnings for the next quarter are 14.92 INR per share. See more details about Mahanagar Gas Ltd earnings.
Mahanagar Gas Ltd revenue for the last quarter amounts to 20.51 B INR, despite the estimated figure of 20.31 B INR. In the next quarter, revenue is expected to reach 22.43 B INR.
MGL net income for the last quarter is 1.30 B INR, while the quarter before that showed 2.01 B INR of net income which accounts for 0.00% change. Track more Mahanagar Gas Ltd financial stats to get the full picture.
Yes, MGL dividends are paid semi-annually. The last dividend per share was 12.00 INR. As of today, Dividend Yield (TTM)% is 2.72%. Tracking Mahanagar Gas Ltd dividends might help you take more informed decisions.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Mahanagar Gas Ltd EBITDA is 14.59 B INR, and current EBITDA margin is 17.70%. See more stats in Mahanagar Gas Ltd financial statements.
Like other stocks, MGL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Mahanagar Gas Ltd stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Mahanagar Gas Ltd technincal analysis shows the buy rating today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Mahanagar Gas Ltd stock shows the sell signal. See more of Mahanagar Gas Ltd technicals for a more comprehensive analysis.









