MGL -long for 15 %stock is at decent valuation
after a steep fall , price showing signs of bullish momentum
sequence of changes in order is marked in charts
Target and SL marked
IGL ,Gujarat gas looks good as well
Next report date
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Report period
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EPS estimate
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Revenue estimate
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105.35 INR
10.41 B INR
72.64 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.
MGL: Does it have the Gas to Push to Resistance?Hello fellow traders! Hope you’re all doing great.
Today, I’d like to share my technical outlook on Mahanagar Gas Ltd (MGL) .
Key Observations:
1. Ascending Channel: The price is currently respecting an ascending channel formation on the chart.
2. Target: I'm anticipating a potential move
MGL Perfect example of trend bottom level : study case Generally, we look for stocks that appear to be at the bottom of a trend indicator, signaling potential upward momentum. MGL is a perfect example for this kind of study.
-> its level at bottom of trend.
-> indicator shows it should be turn trend changing in coming time.
-> momentum can be captured
MGLStock was in Down trend and giving some indication of reversal by making Higher Lows and Higher Highs as per price action we may see a potential breakout to upside just a view not a reco... levels mentioned on chart
MGLStock under 2 months consolidation as per darvas box a break out or break down will fuel the movement of price need to keep on radar just a view not a reco...
Mahanagar Gas Limited: A Breakout OpportunityThe stock is in a solid consolidation phase, forming a bullish pattern of higher highs and higher lows. Patience is key, so I'm playing it smart by waiting for a decisive breakout above ₹1339 on a closed candle. Once confirmed, I'll buy above that high for a strong entry point.
📊 Technical Insight
Unlock 50% gain with MGL from CMPPosition Traders, Here's Your Opportunity! If you're into positional trading, now could be your moment to invest. MGL is currently at a strong support level on a monthly time frame, showing robust company fundamentals.
Don't miss out on this chance to grow your portfolio. Invest smart, and let's ai
Mahanagar Gas Ltd view for Intraday 15th Jan #MGL
Mahanagar Gas Ltd view for Intraday 15th Jan #MGL
Resistance 1280 Watching above 1282 for upside movement...
Support area 1250 Below 1260 ignoring upside momentum for intraday
Watching below 1248 or downside movement...
Above 1260 ignoring downside move for intraday
Charts for Educational purposes
uptrend stock MGLMahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12,703.81 Crore) operating in Gas & Petroleum sector.
Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2024.
Mahanagar Gas cmp 1300.20 by Weekly Chart viewMahanagar Gas cmp 1300.20 by Weekly Chart view
- Price Band 1145 to 1185 Support Zone
- Gap Down Opening Filled Up for fresh upside
- Stock is getting ready for fresh upside post testing retesting of the Support Zone and Gap Down Opening Filling Up Event is done
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
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 1,404.60 INR — it has increased by 0.95% 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 risen by 2.00% compared to the previous week, the month change is a 11.30% rise, over the last year MAHANAGAR GAS LTD. has showed a 6.25% increase.
We've gathered analysts' opinions on MAHANAGAR GAS LTD. future price: according to them, MGL price has a max estimate of 1,961.00 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 3.30% volatile and has beta coefficient of 1.22. 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 137.41 B, it has decreased by −1.35% 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 Aug 8, 2025. Keep track of upcoming events with our Earnings Calendar.
MGL earnings for the last quarter are 25.50 INR per share, whereas the estimation was 24.71 INR resulting in a 3.20% surprise. The estimated earnings for the next quarter are 20.70 INR per share. See more details about MAHANAGAR GAS LTD. earnings.
MAHANAGAR GAS LTD. revenue for the last quarter amounts to 18.65 B INR, despite the estimated figure of 18.10 B INR. In the next quarter, revenue is expected to reach 19.52 B INR.
MGL net income for the last quarter is 2.47 B INR, while the quarter before that showed 2.21 B INR of net income which accounts for 11.66% change. Track more MAHANAGAR GAS LTD. financial stats to get the full picture.
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 21.61%. 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 strong buy. 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 buy 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.