Mahanagar Gas Ltd (MGL) Stock Forecast & Price Target

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Top Analysts

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MGL Analyst Ratings

Moderate Buy

5 Buy

1 Hold

1 Sell

Based on 7 analysts giving stock ratings to

Mahanagar

Gas Ltd

in the past 3 months

TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months

MGL Stock 12 Month Forecast

Average Price Target

₹1,578.57

▲(10.52%Upside)

Based on 7 Wall Street analysts offering 12 month price targets for Mahanagar Gas Ltd in the last 3 months. The average price target is ₹1,578.57 with a high forecast of ₹1,775.00 and a low forecast of ₹1,275.00. The average price target represents a 10.52% change from the last price of ₹1,428.30.

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12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}

Highest Price Target₹1,775

Average Price Target₹1,579

Lowest Price Target₹1,275

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

TipRanks AITipRanks

Not Ranked

TipRanks

₹1,734

Buy

21.40%

Upside

07/08/25

Mahanagar Gas Ltd scores strongly due to its solid financial performance characterized by steady revenue growth and strong balance sheet health. The technical analysis shows positive momentum, although some indicators suggest caution. The stock's valuation is reasonable with a fair P/E ratio and a modest dividend yield, contributing to its overall attractive investment profile.

Bineet BankaNomura

Nomura

₹1,680→₹1,580

Buy

10.62%

Upside

Reiterated

07/25/25

Mahanagar Gas Limited (MAHGL:IN) PT Lowered to INR1,580 at Nomura/InstinetNomura/Instinet analyst Bineet Banka lowered the price target on Mahanagar Gas Limited (MAHGL:IN) to INR1,580.00 (from INR1,680.00) while maintaining a Buy rating.

Probal SenICICI Securities

ICICI Securities

₹1,705→₹1,775

Buy

24.27%

Upside

Reiterated

07/24/25

Mahanagar Gas Ltd (MGL) Gets a Buy from ICICI SecuritiesICICI Securities analyst Probal Sen raised the price target on Mahanagar Gas Limited (MAHGL:IN) to INR1,775.00 (from INR1,705.00) while maintaining a Buy (1) rating.

Bhaskar ChakrabortyJefferies

Jefferies

₹1,250→₹1,275

Sell

-10.73%

Downside

Reiterated

07/23/25

Sanjay MookimJ.P. Morgan

J.P. Morgan

₹1,360→₹1,350

Hold

-5.48%

Downside

Reiterated

07/23/25

J.P. Morgan Remains a Hold on Mahanagar Gas Ltd (MGL)JPMorgan analyst Sanjay Mookim lowered the price target on Mahanagar Gas Limited (MAHGL:IN) to INR1,350.00 (from INR1,360.00) while maintaining a Neutral rating.

Saurabh HandaCiti

Citi

₹1,700

Buy

19.02%

Upside

Reiterated

06/29/25

Citi Sticks to Their Buy Rating for Mahanagar Gas Ltd (MGL)

Rwibhu AonUBS

UBS

₹1,650

Buy

15.52%

Upside

Reiterated

06/27/25

UBS Sticks to Their Buy Rating for Mahanagar Gas Ltd (MGL)

Bharat SubramanianBank of America Securities

Bank of America Securities

₹1,670→₹1,720

Buy

20.42%

Upside

Reiterated

05/07/25

Mahanagar Gas Ltd (NS:MGAS) PT Raised to INR1,720 at BofA SecuritiesBofA Securities analyst Bharat Subramanian raised the price target on Mahanagar Gas Ltd (NS:MGAS) to INR1,720.00 (from INR1,670.00) while maintaining a Buy rating.

Mayank MaheshwariMorgan Stanley

Morgan Stanley

₹1,606→₹1,789

Buy

25.25%

Upside

Reiterated

03/21/25

Mahanagar Gas Limited (MAHGL:IN) PT Raised to INR1,789 at Morgan StanleyMorgan Stanley analyst Mayank Maheshwari raised the price target on Mahanagar Gas Limited (MAHGL:IN) to INR1,789.00 (from INR1,606.00) while maintaining a Overweight rating.

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

TipRanks AITipRanks

Not Ranked

TipRanks

₹1,734

Buy

21.40%

Upside

07/08/25

Bineet BankaNomura

Nomura

₹1,680→₹1,580

Buy

10.62%

Upside

Reiterated

07/25/25

Probal SenICICI Securities

ICICI Securities

₹1,705→₹1,775

Buy

24.27%

Upside

Reiterated

07/24/25

Bhaskar ChakrabortyJefferies

Jefferies

₹1,250→₹1,275

Sell

-10.73%

Downside

Reiterated

07/23/25

Sanjay MookimJ.P. Morgan

J.P. Morgan

₹1,360→₹1,350

Hold

-5.48%

Downside

Reiterated

07/23/25

Saurabh HandaCiti

Citi

₹1,700

Buy

19.02%

Upside

Reiterated

06/29/25

Citi Sticks to Their Buy Rating for Mahanagar Gas Ltd (MGL)

Rwibhu AonUBS

UBS

₹1,650

Buy

15.52%

Upside

Reiterated

06/27/25

UBS Sticks to Their Buy Rating for Mahanagar Gas Ltd (MGL)

Bharat SubramanianBank of America Securities

Bank of America Securities

₹1,670→₹1,720

Buy

20.42%

Upside

Reiterated

05/07/25

Mayank MaheshwariMorgan Stanley

Morgan Stanley

₹1,606→₹1,789

Buy

25.25%

Upside

Reiterated

03/21/25

Stocks with the Highest Top Analyst Consensus in the Utilities Sector

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Best Analysts Covering Mahanagar Gas Ltd

1 Month

xxx

Success Rate

3/4 ratings generated profit

Average Return

+0.60%

reiterated a xxx

rating 3 days ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 1 Month would result in 75.00% of your transactions generating a profit, with an average return of +0.60% per trade.

3 Months

xxx

Success Rate

2/2 ratings generated profit

Average Return

+5.00%

reiterated a xxx

rating 3 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 100.00% of your transactions generating a profit, with an average return of +5.00% per trade.

1 Year

Bharat SubramanianBank of America Securities

Success Rate

2/2 ratings generated profit

Average Return

+6.45%

reiterated a buy rating 3 months ago

Copying Bharat Subramanian's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +6.45% per trade.

2 Years

xxx

Success Rate

2/2 ratings generated profit

Average Return

+6.45%

reiterated a xxx

rating 3 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +6.45% per trade.

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

MGL Analyst Recommendation Trends

Rating

Mar 25

Apr 25

May 25

Jun 25

Jul 25

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, MGL has received 12 Buy Ratings, 1 Hold Ratings, and 2 Sell Ratings. MGL average Analyst price target in the past 3 months is 1,578.57.

Each month's total comprises the sum of three months' worth of ratings.

MGL Financial Forecast

MGL Earnings Forecast

Next quarter’s earnings estimate for MGL is ₹30.86 with a range of ₹27.59 to ₹35.10. The previous quarter’s EPS was ₹32.80. MGL beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 53.00% of the time in the same period. In the last calendar year MGL has Outperformed its overall industry.

MGL Sales Forecast

Next quarter’s sales forecast for MGL is ₹19.69B with a range of ₹19.33B to ₹20.00B. The previous quarter’s sales results were ₹20.83B. MGL beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 48.44% of the time in the same period. In the last calendar year MGL has Outperformed its overall industry.

MGL Stock Forecast FAQ

What is IN:MGL’s average 12-month price target, according to analysts?

Based on analyst ratings, Mahanagar Gas Ltd’s 12-month average price target is 1,578.57.

What is IN:MGL’s upside potential, based on the analysts’ average price target?

Mahanagar Gas Ltd has 10.52% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is Mahanagar Gas Ltd a Buy, Sell or Hold?

Mahanagar Gas Ltd has a consensus rating of Moderate Buy, which is based on 5 buy ratings, 1 hold ratings and 1 sell ratings.

What is Mahanagar Gas Ltd’s share price target?

The average share price target for Mahanagar Gas Ltd is 1,578.57. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is ₹1,775.00 ,and the lowest forecast is ₹1,275.00. The average share price target represents 10.52% Increase from the current price of ₹1,428.3.

What do analysts say about Mahanagar Gas Ltd?

Mahanagar Gas Ltd’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 7 Wall Streets Analysts.

How can I buy shares of Mahanagar Gas Ltd?

To buy shares of IN:MGL, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.

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Mahanagar Gas Ltd (MGL) Stock Forecast & Price Target

MGL Analyst Ratings

MGL Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Mahanagar Gas Ltd

MGL Analyst Recommendation Trends

MGL Financial Forecast

MGL Earnings Forecast

MGL Sales Forecast

MGL Stock Forecast FAQ

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts