₹1391.35
1.74%
Low
Day's Volatility:2.46%
High
0.72%
30.24%
Low
52 Weeks Volatility:43.80%
High
13.56%
Returns % | |
1 Month Return | 11.06 % |
3 Month Return | 5.67 % |
1 Year Return | 38.57 % |
Market Stats | |
Previous Close | ₹1,401.20 |
Open | ₹1,396.00 |
Volume | 3.07L |
Upper Circuit | - |
Lower Circuit | - |
Market Cap | ₹13,840.74Cr |
based on 28 analysts
Based on 28 analysts offering long term price targets for Mahanagar Gas Ltd. An average target of ₹1418.79
Source: S&P Global Market Intelligence
Organisation | Mahanagar Gas Ltd |
Headquarters | |
Industry | Gas Distribution |
E-voting on shares | Click here to vote |
Key events for Mahanagar Gas Ltd
Despite a sell-off in mid and small-cap shares, Mahanagar Gas Ltd's consistent operating performance in a challenging environment has helped its margins remain resilient. ICICI Securities sees long-term gains from the Unison acquisition, while the recent cut in CNG prices helps it stay competitive against diesel and petrol.
Mahanagar Gas Ltd's Stock Up by 20% in Last Three Months - 08 Apr, 2024
Mahanagar Gas Ltd's stock has seen a significant increase of 20% over the last three months. An article discusses the company's ROE, earnings growth potential, and dividend payout ratio.
Mixed Outlook for Mahanagar Gas Ltd - 06 Apr, 2024
ICICI Securities predicts an 11% YoY improvement in EBITDA and a 7% YoY jump in PAT for CGDs, driven by lower gas costs and stronger volumes. However, Emkay Global estimates a 7% decline in MGL's EBITDA due to lower realization and range-bound gas costs. IGL is estimated to witness 11% growth in its EBITDA at Rs 628 crore with nearly 6% volume growth on year. MGL could see better volume growth at 9% from last fiscal.
Prabhudas Lilladher Downgrades Mahanagar Gas Ltd Rating Amid EV Adoption - 02 Apr, 2024
Finance house Prabhudas Lilladher downgraded Mahanagar Gas Ltd's rating from reduce to sell with a TP of Rs 1,124 based on 12x FY26 EPS. The report suggests that the adoption of electric vehicles may pose a threat to the dominance of compressed natural gas (CNG) sector in India, which could limit the future of city gas distributors like MGL amid the EV surge.
MGL Upgraded by Citigroup; Expects Capex Spend in FY25 - 27 Mar, 2024
Citigroup has upgraded Mahanagar Gas Ltd (MGL) to neutral from sell with a target price of Rs 1,405. Meanwhile, MGL expects to spend about Rs 950 crore in FY25, including capex planned for Unison Enviro Private Limited, which it made a wholly owned subsidiary last month. The company plans to expand to newer geographical areas in Maharashtra and Karnataka, set up around 50 compressed natural gas pumps, and enhance infrastructure.
ICICI Securities Recommends Buying Mahanagar Gas Ltd Stock - 26 Mar, 2024
Mahanagar Gas Ltd (MGL) is trading at a discount to peers, making it an attractive opportunity to enter the stock. Recent price cuts by the company will help maintain competitiveness despite reduced petrol/diesel prices.
Mixed Sentiments for Mahanagar Gas Stock - 21 Mar, 2024
Mahanagar Gas Ltd's stock has seen mixed sentiments as Jefferies reiterated a buy view and hiked the target price while the recent CNG price cut in Mumbai resulted in an 18% decline. Concerns over higher regulatory risks also impacted the stock.
Mahanagar Gas Faces Exclusivity Challenges in Mumbai - 20 Mar, 2024
City-gas distributor Mahanagar Gas faces concerns over the end of its infrastructure exclusivity in Mumbai and potential impact on margins and retail consumers. The company has legally challenged a regulatory notice regarding the expiry and is seeking a 10-year extension. The matter is currently pending before the Delhi High Court.
Fundamentals of Mahanagar Gas Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
FII Holding Up
Foreign Institutions have increased holdings from 30.51% to 30.85% in Dec 2023 quarter
Price Rise
In the last 3 years, MGL stock has moved up by 29.5%
MF Holding Up
Mutual Funds have increased holdings from 1.70% to 3.98% in Dec 2023 quarter
Against Peers
In the last 3 years, GAIL India Ltd has given 123.9% return, outperforming this stock by 94.3%
Promoter Holding Unchanged
Promoters holdings remained unchanged at 32.50% of holdings in Dec 2023 quarter
Against Peers
In the last 1 year, GAIL India Ltd has given 88.0% return, outperforming this stock by 49.5%
Retail Holding Down
Retail Investor have decreased holdings from 10.89% to 9.42% in Dec 2023 quarter
Mahanagar Gas Ltd in the last 5 years
Lowest (0.00x)
September 29, 2023
Today (10.71x)
April 18, 2024
Industry (28.47x)
April 18, 2024
Highest (11.96x)
March 5, 2024
Funds | Holdings |
Axis Small Cap Fund Direct Growth | 0.54% |
UTI Value fund Fund-Direct Growth Option | 1.11% |
UTI-Dividend Yield Fund -Growth-Direct | 1.9% |
Aditya Birla Sun Life PSU Equity Fund Direct Growth | 1.45% |
Kotak Equity Arbitrage Fund Direct Growth | 0.12% |
Investors | Holdings % | Prev. 4 periods | 3M change |
---|---|---|---|
Promoter Holdings | 32.5% | 0.00 | |
Foreign Institutions | 30.85% | 1.12 | |
Mutual Funds | 3.98% | 134.40 | |
Retail Investors | 9.42% | ||
Others | 23.25% |
Technicals of Mahanagar Gas Ltd share
News & Events of Mahanagar Gas Ltd
Mahanagar Gas Ltd (MGL) share price today is ₹1391.35
Mahanagar Gas Ltd is listed on NSE
Mahanagar Gas Ltd is listed on BSE
PE Ratio of Mahanagar Gas Ltd is 10.71
PE ratio = Mahanagar Gas Ltd Market price per share / Mahanagar Gas Ltd Earnings per share
Today’s traded volume of Mahanagar Gas Ltd(MGL) is 3.07L.
Today’s market capitalisation of Mahanagar Gas Ltd(MGL) is ₹13840.74Cr.
Mahanagar Gas Ltd(MGL | Price |
---|---|
52 Week High | ₹1580 |
52 Week Low | ₹970.55 |
Mahanagar Gas Ltd(MGL) share price is ₹1391.35. It is down -11.94% from its 52 Week High price of ₹1580
Mahanagar Gas Ltd(MGL) share price is ₹1391.35. It is up 43.36% from its 52 Week Low price of ₹970.55
Mahanagar Gas Ltd(MGL | Returns |
---|---|
1 Day Returns | -9.85% |
1 Month Returns | 11.06% |
3 Month Returns | 5.67% |
1 Year Returns | 38.57% |