Mahanagar Gas Ltd

Stage 4 · Declining · week 2

As of 16 Oct 2026, Mahanagar Gas is in Stage 4 — declining, a downtrend, in week 2 (since 8 Oct 2026). It closed at ₹1,054, 18.7% below its 52-week high and below its 200-day average, which is falling. In Utilities, 9.7% of stocks are in Stage 2.

Mahanagar Gas Limited operates as a natural gas distribution company in India. More about the company

₹1,054
+0.63% today
₹10,411 Cr · Mid cap
Market Neutral — FadingUtilities 9.7% in Stage 2-4.8 pts / 20dGas Distribution 12.5%-12.5 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

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Is MGL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-18.7%
₹908.4 lo₹1,297.1 hi
18.7% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 2
1w13w26w
Week 2 — early Stage 4 decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-3.4%
200 DMA: ₹1,091 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.38x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -2.1% vs MA50 -1.8%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-2.4%
3M
-4.2%
6M
-3.5%
YTD
-8.2%
1Y
-16.7%
Sector
Utilities
↓ Peaking
Stage 2%
9.7%
20d Δ
-4.8pp
1M return
-2.2%
3M return
-10.5%
Sector Stage-2 % · last 20 days
Sector has 6 Stage 2 leaders. See Utilities Stage 2 →
Industry
Gas Distribution
↓ Peaking
Stage 2%
12.5%
20d Δ
-12.5pp
1M return
-2.3%
3M return
-10.4%
Industry Stage-2 % · last 20 days
Industry has 1 Stage 2 leader. See Gas Distribution Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 29w
S2 18w
S1 21w
S4 31w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 6w → S3 6w → S2 29w → S3 6w → S2 18w → S3 5w → S4 9w → S1 21w → S2 7w → S3 5w → S4 31w → S1 2w → S4 3w → S1 7w → S4 1w → S3 1w → S2 3w → S3 5w → S4 1w current
Total tracked: 168 weeks across 19 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-08-13
3 appearances in last 60 days. First seen: 2024-06-20.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S4
Wk 2 · Vol 0.38x
2026-10-15S4
Wk 2 · Vol 0.53x
2026-10-14S4
Wk 1 · Vol 1.42x
2026-10-13S4
Wk 1 · Vol 1.17x
2026-10-12S4
Wk 1 · Vol 0.48x
2026-10-09S4
Wk 1 · Vol 0.52x
2026-10-08S43→4
Wk 1 · Vol 0.35x
2026-10-07S3
Wk 5 · Vol 0.30x
2026-10-06S3
Wk 5 · Vol 0.21x
2026-10-05S3
Wk 5 · Vol 0.25x
2026-10-01S3
Wk 4 · Vol 0.85x
2026-09-30S3
Wk 4 · Vol 0.82x
Sector Peers — Stage 2All →
QPOWER
wk 9 · -11.8% from hi
5.8
KPIL
wk 20 · -6.5% from hi
4.8
GIPCL
wk 16 · -18.6% from hi
4.4
UEL
wk 10 · -30.7% from hi
4.4
SKIPPER
wk 19 · -12.9% from hi
3.9
Moving averages & range
50 DMA
₹1,083.7
200 DMA
₹1,091
52W High
₹1,297.1
52W Low
₹908.4
5D Low
₹1,020.6
Resistance levels (recent highs)
20d High
₹1,092.8
60d High
₹1,139.6
120d High
₹1,245.5
250d High
₹1,297.1
Next resistance
+3.7%
to 20d High
Ask the Market AI about MGLAsk →
P/E (TTM)
13.0
Forward 11.6
Earnings Growth (YoY)
-47.4%
Revenue +4.5%
ROE
+13.6%
Profit margin +10.2%
Dividend Yield
2.74%
P/B 1.8
About this companyUtilities· Gas Distribution

Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households for cooking and water heating, as well as for nursing homes, flight kitchens, and places of worship; commercial establishments, including hospitals, hotels, restaurants, and charitable trusts; and industries, such as metals, pharmaceuticals, printing and dyeing, food and beverages, oil mills, FMCG product manufacturers, power generation, and air-conditioning. It also provides compressed natural gas to transport sector. In addition, it engages in sale of pipes and fittings required for construction of pipeline infrastructure. Further, the company supplies liquefied natural gas to heavy motor vehicles. The company operates 385 CNG filling stations with 2,399 dispensing points; 652 kilometers of steel pipeline; and 6887 kilometers of poly-ethylene pipeline. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.