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.

MGL

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.