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Mahanagar Gas Share Price Target 2024, 2025, 2026 to 2039 With Charts
Mahanagar Gas Limited | |||
 | Symbol: MGL | ||
| Price: ₹1,125.33 | |||
| Exchange: NSE | |||
| Utilities -> Utilities—Regulated Gas | |||
Show Table of Contents
Table of Contents
- 1: Mahanagar Gas Brief Company Overview
- 1.1: Mahanagar Gas Limited: A Leading Natural Gas Distributor in India
- 1.2: Mahanagar Gas Financial Performance
- 1.2.1: Is Mahanagar Gas A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Mahanagar Gas Share Price Target For 2024
- 2.1.1: Mahanagar Gas Share Price Target Table For 2024
- 2.1.2: Summary: Mahanagar Gas Share Price Prediction For 2024
- 2.2: Mahanagar Gas Share Price Target For 2025
- 2.2.1: Mahanagar Gas Share Price Target Table For 2025
- 2.2.2: Summary: Mahanagar Gas Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Mahanagar Gas Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Mahanagar Gas Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Mahanagar Gas Past Performance
Mahanagar Gas Brief Company Overview
Mahanagar Gas Limited: A Leading Natural Gas Distributor in India
Established in 1995, Mahanagar Gas Limited is a prominent natural gas distribution company operating in India.
The company's diverse product range includes Commercial PNG, Industrial PNG, Domestic PNG, and Compressed Natural Gas (CNG), catering to a wide range of customers.
With an extensive network of 550 km of steel pipeline and 6000 km of poly-ethylene pipeline, Mahanagar Gas Limited has established a strong market presence in India.
Their commitment to providing reliable and efficient natural gas distribution has earned them a reputable position in the industry.
Mahanagar Gas Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 14,042.74 Crore | Market valuation of Mahanagar Gas's shares. |
| Revenue (TTM) | 6,633.39 Crore | Total revenue generated by Mahanagar Gas over the past twelve months. |
| Net Income (TTM) | +1,141.76 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 18.37% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 17.21% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +13.7% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -16.2% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 2.77 | Company's total debt divided by total shareholder equity. |
| Total Debt | 153.8 Crore | Sum of Mahanagar Gas's current & long-term financial obligations. |
| Total Cash | 1,622.73 Crore | Total amount of liquid funds available to Mahanagar Gas. |
| Beta | 0.74 | Beta is less than 1 indicating that the Mahanagar Gas's price is less volatile than the market. |
Is Mahanagar Gas A Good Buy For Long Term?
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To predict the Mahanagar Gas's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Mahanagar Gas Share Price Target For 2024
The line chart displays the monthly closing prices of Mahanagar Gas with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Mahanagar Gas shares in 2024, see the table below.
Mahanagar Gas Share Price Target Table For 2024
| Mahanagar Gas's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 1161.16 (+3.18%) | Fibonacci Extension Level 150% |
| 2024 Target 2 | 1148.37 (+2.04%) | Fibonacci Extension Level 123.6% |
| 2024 Target 1 | 1136.77 (+1.01%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 1125.34 | Mahanagar Gas's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 1121.83 (-0.32%) | Price Action: Chart |
| Stop Loss 2 | 1109.00 (-1.46%) | Price Action: Oct 2021 High |
| Stop Loss 3 | 1094.39 (-2.76%) | Price Action: Jun 2020 High |
Summary: Mahanagar Gas Share Price Prediction For 2024
In summary, Mahanagar Gas has declined by ₹-75.16, recording a notable -6.26% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of Mahanagar Gas for 2024 predicts an additional rise of 1.01% to 3.18% by the end of 2024 with three potential targets T1: 1136.77, T2: 1148.37, T3: 1161.16. Stop Loss at SL1: 1121.83, SL2: 1109.00, SL3: 1094.39.
Mahanagar Gas has a 52-week high of ₹1988.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹1017.54, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Mahanagar Gas.
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Mahanagar Gas Share Price Target For 2025
The line chart displays the monthly closing prices of Mahanagar Gas with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Mahanagar Gas shares in 2025, see the table below.
Mahanagar Gas Share Price Target Table For 2025
| Mahanagar Gas's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 1790.59 (+59.11%) | Price Action: 17 Oct 2024 High |
| 2025 Target 2 | 1754.00 (+55.86%) | Price Action: 17 Oct 2024 Low |
| 2025 Target 1 | 1729.88 (+53.72%) | Technical Indicator: MA50 |
| Current Price | 1125.34 | Mahanagar Gas's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 983.00 (-12.65%) | Price Action: Jan 2020 Low |
| Stop Loss 2 | 970.99 (-13.72%) | Price Action: Aug 2018 High |
| Stop Loss 3 | 958.89 (-14.8%) | Price Action: May 2019 High |
Summary: Mahanagar Gas Share Price Prediction For 2025
In summary, Mahanagar Gas has declined by ₹-75.16, recording a notable -6.26% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of Mahanagar Gas for 2025 predicts an additional rise of 53.72% to 59.11% by the end of 2025 with three potential targets T1: 1729.88, T2: 1754.00, T3: 1790.59. Stop Loss at SL1: 983.00, SL2: 970.99, SL3: 958.89.
Mahanagar Gas has a All-Time high of ₹1988.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹1017.54, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Mahanagar Gas, we have created a specific page for that check here: Mahanagar Gas Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Mahanagar Gas Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Mahanagar Gas share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 0% over the next 15 years.
For complete year by year Mahanagar Gas long term share price target from 2024, 2025 to 2039 check the below table.
Mahanagar Gas Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Mahanagar Gas Target | YoY Change % |
|---|---|---|
| 2024 | ₹1,125.33 | [Current Price] |
| 2024 | ₹1,642.01 | 45.91% |
| 2025 | ₹1,604.91 | -2.26% |
| 2026 | ₹1,582.38 | -1.41% |
| 2027 | ₹1,590.54 | 0.51% |
| 2028 | ₹1,698.84 | 6.8% |
| 2029 | ₹1,642.63 | -3.31% |
| 2030 | ₹1,605.52 | -2.26% |
| 2031 | ₹1,582.98 | -1.41% |
| 2032 | ₹1,591.15 | 0.51% |
| 2033 | ₹1,699.48 | 6.8% |
| 2034 | ₹1,643.26 | -3.31% |
| 2035 | ₹1,606.13 | -2.26% |
| 2036 | ₹1,583.58 | -1.41% |
| 2037 | ₹1,591.75 | 0.51% |
| 2038 | ₹1,700.13 | 6.8% |
| 2039 | ₹1,642.83 | -3.38% |
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Mahanagar Gas Past Performance
- In 2016, Mahanagar Gas opening price was ₹492.1
- As of Thu 21 Nov 2024 the price stands at ₹1,125.33.
- This represents a Compound Annual Growth Rate (CAGR) of 9.63%.
- In 8 years, an investment of 10,000 would have become ₹22,868.11.
As we wrap up, we hope you like our study on Mahanagar Gas share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Mahanagar Gas Share Price History
- Mahanagar Gas Price Target Tomorrow
- Mahanagar Gas Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
