Mahanagar Gas (MGL) – Big Move Loading?📊 **Mahanagar Gas (MGL) – Big Move Loading?** 🚀⚠️
MGL is **coiling within a tight range**, signaling that a **major breakout or breakdown** could be on the horizon! Traders should be ready as momentum builds.
### 🔎 **Technical Outlook:**
🔹 **Range-Bound Action:** The stock is stuck in a side
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105.85 INR
12.76 B INR
62.90 B INR
55.80 M
About MAHANAGAR GAS LTD.
Sector
Industry
CEO
Ashu Shinghal
Website
Headquarters
Mumbai
Founded
1995
ISIN
INE002S01010
FIGI
BBG00BGKKRB9
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.
Stock Idea: Mahanagar Gas Limited (MGL)Price: ₹1,336.50
Target: ₹1,500
Stop Loss: ₹1,250
MGL shows solid support at ₹1,250 and potential resistance at ₹1,400. Watch for bullish momentum if RSI crosses above 60. A strong buy opportunity as demand for clean energy rises.
Disclaimer: This is not investment advice. Conduct your own researc
MGL Bullish buy side Mahanagar Gas Limited (MGL) is exhibiting a bullish trend on the weekly chart, indicating a positive market sentiment and potential upward movement in its stock price. This bullish outlook suggests that investors are optimistic about the company's future performance, possibly due to favorable market
MAHANAGAR GAS LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (re
MGL Next Week Downside Target 1680MGL may see a downside trend next week, with the stock moving downwards with lower low formations on the daily chart frame. The stock is also down by 50% on the RSI indicator. The stock is also seen in a downtrend on our golden moving average, with a small stop loss that could lead to selling in the
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Summarizing what the indicators are suggesting.
Neutral
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Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of MGL is 1,251.60 INR — it has decreased by −0.064% 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 NSE exchange MAHANAGAR GAS LTD. stocks are traded under the ticker MGL.
MGL stock has fallen by −4.52% compared to the previous week, the month change is a −4.75% fall, over the last year MAHANAGAR GAS LTD. has showed a −13.86% decrease.
We've gathered analysts' opinions on MAHANAGAR GAS LTD. future price: according to them, MGL price has a max estimate of 2,000.00 INR and a min estimate of 1,030.00 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 2.00% volatile and has beta coefficient of 1.50. 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 123.76 B, it has increased by 5.65% 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 May 8, 2025. Keep track of upcoming events with our Earnings Calendar.
MGL earnings for the last quarter are 22.80 INR per share, whereas the estimation was 22.03 INR resulting in a 3.51% surprise. The estimated earnings for the next quarter are 24.71 INR per share. See more details about MAHANAGAR GAS LTD. earnings.
MAHANAGAR GAS LTD. revenue for the last quarter amounts to 17.58 B INR, despite the estimated figure of 17.15 B INR. In the next quarter, revenue is expected to reach 18.10 B INR.
MGL net income for the last quarter is 2.21 B INR, while the quarter before that showed 2.84 B INR of net income which accounts for −21.96% change. Track more MAHANAGAR GAS LTD. financial stats to get the full picture.
MAHANAGAR GAS LTD. dividend yield was 2.20% in 2023, and payout ratio reached 23.22%. The year before the numbers were 2.64% and 32.51% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 18, 2025, the company has 2.23 K employees. See our rating of the largest employees — is MAHANAGAR GAS LTD. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MAHANAGAR GAS LTD. EBITDA is 15.70 B INR, and current EBITDA margin is 29.71%. 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 sell today, and its 1 week rating is sell. 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 neutral signal. See more of MAHANAGAR GAS LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.