MGL Share Price Target Tomorrow 2024 To 2030- Market Overview, Income Statement

Mahanagar Gas Ltd (MGL) is one of India’s leading natural gas distribution companies, established in 1995. Headquartered in Mumbai, MGL provides clean and affordable piped natural gas (PNG) to households, industries, and commercial establishments, as well as compressed natural gas (CNG) for vehicles. Mahanagar Gas Share Price on NSE as of 18 November 2024 is 1,128.35 INR. Here are more details on Mahanagar Gas Share Price Target 2024, 2025, 2026 to 2030.

Mahanagar Gas Ltd: Market Overview

• Open Price: ₹1,221.00
• High Price: ₹1,221.00
• Low Price: ₹1,075.25
• Previous Close: ₹1,312.65
• Volume: 4,854,898
• Value (Lacs): ₹54,860.35
• VWAP: ₹1,132.17
• UC Limit: ₹1,312.70
• LC Limit: ₹1,050.10
• P/E ratio: 9.76
• Div yield: 2.66%
• 52-wk high: ₹1,988.00
• 52-wk low: ₹1,017.55
• Mkt cap: ₹11.18KCr
• Face Value: ₹10

MGL Share Price Chart

MGL Share Price Target Tomorrow 2024 To 2030

MGL Share Price Target 2024

MGL share price target 2024 Expected target could be ₹1990. Here are three key factors that could influence Mahanagar Gas Ltd’s (MGL) share price target in 2024:

• Increasing Demand for Clean Energy: With growing awareness and government support for reducing carbon emissions, the demand for natural gas as a cleaner alternative to conventional fuels is expected to rise, boosting MGL’s growth.
• Network Expansion: Expanding its pipeline infrastructure and service areas to reach more households, businesses, and industries can drive higher customer acquisition and revenue growth.

• Supportive Government Policies: Favorable policies promoting natural gas usage and subsidies for clean energy solutions can strengthen MGL’s market position and enhance profitability.

MGL Share Price Target 2025

MGL share price target 2025 Expected target could be ₹2595. Here are three potential risks and challenges that could impact Mahanagar Gas Ltd’s (MGL) share price target in 2025:

• Regulatory and Pricing Risks: Changes in government policies, such as pricing regulations or tariffs for natural gas distribution, could impact MGL’s profitability and growth prospects.
• Competition from Alternative Energy Sources: The rise of renewable energy sources like solar and electric vehicles could reduce demand for natural gas, posing a long-term challenge to MGL’s market share.

• Supply Chain and Infrastructure Challenges: Disruptions in the supply of natural gas or delays in expanding infrastructure could hinder the company’s ability to meet growing demand, affecting growth and investor sentiment.

MGL Share Price Target 2030

MGL share price target 2030 Expected target could be ₹5113. Here are three potential risks and challenges that could impact Mahanagar Gas Ltd’s (MGL) share price target in 2030:

• Transition to Renewable Energy: As global focus shifts towards renewable energy sources, natural gas might face reduced demand, which could affect MGL’s long-term growth prospects if it does not diversify its offerings.
• Environmental Regulations: Stricter environmental regulations and policies related to fossil fuels could result in higher operational costs or restrictions on natural gas usage, impacting MGL’s financial performance.

• Dependency on Natural Gas Supply: Any disruptions in the supply chain of natural gas, whether due to geopolitical tensions, infrastructure failures, or logistical challenges, could hinder MGL’s ability to meet customer demands and affect its revenue stability.

Shareholding Pattern For Mahanagar Gas Ltd

• Promoters: 32.50%
• FII: 34.20%
• Retail and Others: 17.84%
• DII: 10.33%
• Mutual Funds: 5.13%

Mahanagar Gas Ltd Financials

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