MGL · Utilities · 2026-08-07

Mahanagar Gas Ltd

Stage 3 · wk 1In scan: Breakout WatchMARKET: BULL TOPPING · 2026-08-07
₹1,139.6
+1.42% today
₹11,257 Cr · Mid cap
About this companyUtilities· Gas Distribution
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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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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
vs 52W High
-15.5%
₹908.4 lo₹1,349 hi
15.5% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 1
1w13w26w
Week 1 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
1.9%
200 DMA: ₹1,118.3 · sloping down
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
2.01x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -1.0% vs MA50 +0.1%
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.
Sector
Utilities
↓ Peaking
Stage 2%
22.8%
20d Δ
-7.5pp
1M return
-1.3%
3M return
-3.7%
Sector Stage-2 % · last 20 days
Sector has 12 Stage 2 leaders. See Utilities Stage 2 →
Industry
Gas Distribution
↓ Peaking
Stage 2%
33.3%
20d Δ
-16.7pp
1M return
-0.8%
3M return
+2.4%
Industry Stage-2 % · last 20 days
Industry has 2 Stage 2 leaders. See Gas Distribution Stage 2 →
Price + Volume Chart
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Stage Cycle Timeline2023-05-15 → 2026-08-07
S2 15w
S2 29w
S2 18w
S1 21w
S4 31w
2023-05-152026-08-07
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 15w → 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 current
Total tracked: 168 weeks across 16 stage runs.
1M
+1.5%
3M
-2.8%
6M
+9.7%
YTD
+2.7%
1Y
-17.4%
Scan Membership
Breakout Watch
Latest: 2025-07-07
2 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
2026-08-07S3
Wk 1 · Vol —x
2026-08-06S3
Wk 1 · Vol —x
2026-08-05S34→3
Wk 1 · Vol —x
2026-08-04S4
Wk 2 · Vol —x
2026-08-03S4
Wk 1 · Vol —x
2026-07-31S4
Wk 1 · Vol —x
2026-07-30S4
Wk 1 · Vol —x
2026-07-29S4
Wk 1 · Vol —x
2026-07-28S41→4
Wk 1 · Vol —x
2026-07-27S1
Wk 7 · Vol —x
2026-07-24S1
Wk 7 · Vol —x
2026-07-23S1
Wk 6 · Vol —x
Sector Peers — Stage 2All →
GAIL
wk 7 · -4.3% from hi
5.2
WABAG
wk 11 · -11.9% from hi
5.0
DENTA
wk 1 · -28.6% from hi
5.0
SKIPPER
wk 9 · -9.9% from hi
4.9
GIPCL
wk 6 · -19.7% from hi
4.8
Moving averages & range
50 DMA
₹1,122
200 DMA
₹1,118.3
52W High
₹1,349
52W Low
₹908.4
5D Low
₹1,111.6
Resistance levels (recent highs)
20d High
₹1,139.6
60d High
₹1,245.5
120d High
₹1,245.5
250d High
₹1,349
Next resistance
+9.3%
to 60d High

All analytics based on EOD data. Data as of 2026-08-07. Past data patterns are not indicative of future results. This page is a data analytics tool only.