Mahanagar Gas Ltd (MGL) Stock Forecast & Price Target

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Top Analysts

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MGL Analyst Ratings

Moderate Buy

1 Buy

1 Hold

0 Sell

Based on 2 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

₹1,292.50

▲(12.88% Upside)

Based on 2 Wall Street analysts offering 12 month price targets for Mahanagar Gas Ltd in the last 3 months. The average price target is ₹1,292.50 with a high forecast of ₹1,305.00 and a low forecast of ₹1,280.00. The average price target represents a 12.88% change from the last price of ₹1,145.00.

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Highest Price Target₹1,305

Average Price Target₹1,293

Lowest Price Target₹1,280

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

Sanjay Mookim

J.P. Morgan

₹1,305

Hold

13.97%

Upside

Reiterated

10/30/25

Mahanagar Gas Ltd (MGL) Gets a Hold from J.P. Morgan

Baiju Joshi

Macquarie

₹1,280

Buy

11.79%

Upside

Reiterated

09/29/25

Mahanagar Gas Ltd (MGL) Receives a Buy from MacquarieMacquarie analyst Baiju Joshi reiterated an Outperform rating and INR1,280.00 price target on Mahanagar Gas Limited (MAHGL:IN).

Bineet Banka

Nomura

₹1,680→₹1,580

Buy

37.99%

Upside

Reiterated

07/25/25

Nomura Sticks to Their Buy Rating for Mahanagar Gas Ltd (MGL)Nomura/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 Sen

ICICI Securities

₹1,705→₹1,775

Buy

55.02%

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 Chakraborty

Jefferies

₹1,250→₹1,275

Sell

11.35%

Upside

Reiterated

07/23/25

Saurabh Handa

Citi

₹1,700

Buy

48.47%

Upside

Reiterated

06/29/25

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

Rwibhu Aon

UBS

₹1,650

Buy

44.10%

Upside

Reiterated

06/27/25

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

Bharat Subramanian

Bank of America Securities

₹1,670→₹1,720

Buy

50.22%

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 Maheshwari

Morgan Stanley

₹1,606→₹1,789

Buy

56.24%

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.

Analyst Type

Any

Human Analysts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Sanjay Mookim

J.P. Morgan

₹1,305

Hold

13.97%

Upside

Reiterated

10/30/25

Mahanagar Gas Ltd (MGL) Gets a Hold from J.P. Morgan

Baiju Joshi

Macquarie

₹1,280

Buy

11.79%

Upside

Reiterated

09/29/25

Mahanagar Gas Ltd (MGL) Receives a Buy from MacquarieMacquarie analyst Baiju Joshi reiterated an Outperform rating and INR1,280.00 price target on Mahanagar Gas Limited (MAHGL:IN).

Bineet Banka

Nomura

₹1,680→₹1,580

Buy

37.99%

Upside

Reiterated

07/25/25

Probal Sen

ICICI Securities

₹1,705→₹1,775

Buy

55.02%

Upside

Reiterated

07/24/25

Bhaskar Chakraborty

Jefferies

₹1,250→₹1,275

Sell

11.35%

Upside

Reiterated

07/23/25

Saurabh Handa

Citi

₹1,700

Buy

48.47%

Upside

Reiterated

06/29/25

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

Rwibhu Aon

UBS

₹1,650

Buy

44.10%

Upside

Reiterated

06/27/25

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

Bharat Subramanian

Bank of America Securities

₹1,670→₹1,720

Buy

50.22%

Upside

Reiterated

05/07/25

Mayank Maheshwari

Morgan Stanley

₹1,606→₹1,789

Buy

56.24%

Upside

Reiterated

03/21/25

Stocks with the Highest Top Analyst Consensus in the Utilities Sector

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Find stocks in the Utilities sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Mahanagar Gas Ltd

1 Month

xxx

Success Rate

3/4 ratings generated profit

Average Return

+2.02%

reiterated a xxx

rating 5 months 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 +2.02% per trade.

3 Months

xxx

Success Rate

1/2 ratings generated profit

Average Return

+0.20%

reiterated a xxx

rating 8 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 50.00% of your transactions generating a profit, with an average return of +0.20% per trade.

1 Year

Bhaskar ChakrabortyJefferies

Success Rate

4/4 ratings generated profit

Average Return

+13.90%

reiterated a sell rating 5 months ago

Copying Bhaskar Chakraborty'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 +13.90% per trade.

2 Years

xxx

Success Rate

4/4 ratings generated profit

Average Return

+13.90%

reiterated a xxx

rating 5 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 +13.90% 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

May 25

Jun 25

Jul 25

Sep 25

Oct 25

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, MGL has received 11 Buy Ratings, 4 Hold Ratings, and 1 Sell Ratings. MGL average Analyst price target in the past 3 months is 1,292.50.

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 ₹23.44 with a range of ₹21.80 to ₹25.09. The previous quarter’s EPS was ₹19.60. MGL beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 45.45% of the time in the same period. In the last calendar year MGL has Performed in-line its overall industry.

MGL Sales Forecast

Next quarter’s sales forecast for MGL is ₹20.28B with a range of ₹20.11B to ₹20.45B. The previous quarter’s sales results were ₹20.50B. MGL beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 14.29% of the time in the same period. In the last calendar year MGL has Performed in-line 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 1,292.50.

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

Mahanagar Gas Ltd has 12.88% 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 1 buy ratings, 1 hold ratings and 0 sell ratings.

What is Mahanagar Gas Ltd’s share price target?

The average share price target for Mahanagar Gas Ltd is 1,292.50. This is based on 2 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is ₹1,305.00 ,and the lowest forecast is ₹1,280.00. The average share price target represents 12.88% Increase from the current price of ₹1,145.

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 2 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.

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

Detailed List of Analyst Forecasts