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MGL Share Price Today March 7 2024

On March 7, 2024, MGL's share price is ₹1,327.20, reflecting a recent decrease of ₹176.20 over the past five days, with a market capitalization of ₹132.07 billion. 

by Alaguvelan M

Updated Mar 07, 2024

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MGL Share Price Today March 7 2024

MGL Share Price Today

MGL (Maharashtra Natural Gas Limited) share price stands at ₹1,327.20 as of March 7th, 09:26:05AM UTC+5:30. The stock experienced a decrease of ₹176.20 over the past five days, representing a decline of 11.72%.

Despite this recent dip, MGL's market capitalization remains substantial at ₹13.14 trillion. The company's P/E ratio sits at 10.16, indicating its earnings relative to its stock price, while its dividend yield stands at 2.11%, offering investors a modest return on investment.

Over the past year, MGL's stock has seen fluctuations, with a 52-week high of ₹1,580.00 and a low of ₹909.00. This volatility suggests potential opportunities for investors to capitalize on price movements.

MGL's share price dynamics reflect the broader market sentiments and the company's performance metrics. Investors may monitor these indicators to make informed decisions regarding their investments in MGL.



Current Price



09:26:05 AM UTC+5:30

Previous Close


Day Range

₹1,310.00 - ₹1,341.85

Year Range

₹909.00 - ₹1,580.00

Market Cap

₹132.07 billion INR

P/E Ratio


Dividend Yield


Primary Exchange


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MGL, short for Mahanagar Gas Limited, epitomizes India's prowess in the natural gas distribution sector. Established on May 8, 1995, MGL operates under the esteemed banner of GAIL (India) Limited, in collaboration with the Government of Maharashtra.

Renowned for its robust infrastructure and extensive reach, MGL caters to a broad spectrum of consumers, from households to public transportation systems. With an unwavering commitment to reliability and efficiency, MGL boasts a staggering customer base, supplying compressed natural gas (CNG) to over 0.77 million vehicles and piped natural gas to approximately 1.53 million households.

Its expansive network spans across Maharashtra, facilitated by a comprehensive pipeline infrastructure of steel and PE pipelines, encompassing more than 250 CNG stations equipped with 1268 dispensing points.

Bolstered by its strategic partnerships and diversified sourcing strategies, MGL ensures a seamless supply of natural gas to its customers, further solidifying its position as a cornerstone in India's energy landscape.

MGL Share Price - FAQs

1. What factors have contributed to the recent decline in MGL's share price?

The recent decrease in MGL's share price can be attributed to a variety of factors, including broader market trends, company-specific news, or changes in industry dynamics.

2. How does MGL's market capitalization compare to its peers in the natural gas industry?

MGL boasts a substantial market capitalization of ₹13.14 trillion, reflecting its prominent position within the natural gas sector.

3. What is the significance of MGL's P/E ratio and dividend yield for investors?

MGL's P/E ratio of 10.16 and dividend yield of 2.11% offer valuable insights into the company's earnings performance and potential returns for investors.

4. What opportunities do the fluctuations in MGL's share price present for investors?

The volatility in MGL's share price, evidenced by its 52-week high of ₹1,580.00 and low of ₹909.00, provides potential opportunities for investors to capitalize on price movements.

5. What role does investor sentiment play in influencing MGL's share price?

Investor sentiment, driven by factors such as market sentiment, industry trends, and company-specific news, can significantly impact MGL's share price movements.

Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

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