MGL Share Price Target 2024, 2025, 2026, 2027, 2030 Good earnings

by PoonitRathore
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Friends, today we will talk MGL Share Price Target 2024, 2025, 2026, 2027, 2030 Where can we see the performance of this company, which is involved in the gas distribution business, going in the coming years? The way Mahanagar Gas (MGL) seems to be emerging as a strong company in the gas distribution business, due to this every investor is seen expecting very good growth in the company.

Today, along with analyzing the complete details of the business of Mahanagar Gas (MGL), we will also look at the future opportunities in the company’s business, which will give us some idea about the future in the coming years. Mahanagar Gas (MGL) Share Price Target Has the ability to show up to how many rupees. Let us analyze in detail:-

MGL Share Price Target 2024

If we look at Mahanagar Gas (MGL), the largest market share in the gas distribution business is seen in Maharashtra and this company appears to be one of the largest companies in India in the gas distribution business. Mahanagar Gas (MGL) mainly works under two segments, one is CNG (Compressed Natural Gas) which is mostly used in the automobile industry and the other is PNG (Piped Natural Gas) which is used in homes and also in industrial. Are.

In today’s time, everyone is increasing their dependence on clean energy sources, due to this, the use of Natural Gas is also going to increase rapidly in the coming days. Compared to many energy sources like petrol and coal, Natural Gas pollutes the environment much less, due to which if seen slowly every year, very good growth can be expected in both the CNG and PNG business segments of the company. Can.

As the use of natural gas increases MGL Share Price Target 2024 If we look at it, there is full hope of showing very good growth and the first target will be Rs 1100. After this target you can see another target of Rs 1180.

MGL Share Price Target 2024 Table

Year MGL Share Price Target 2024
First Target 2024 Rs 1100
Second Target 2024 Rs 1180

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MGL Share Price Target 2025

Gradually, Mahanagar Gas (MGL) is seen showing a lot of focus on continuously expanding its gas distribution network. If seen at present, the company has more than 6200 KM pipeline in Mumbai and its surrounding areas and also the company has more than 290 CNG stations, with the help of which the company serves all types of customers. Distributes gas to.

If seen in the coming days, Mahanagar Gas MGL is seen making huge investments in the recent past to gradually expand its distribution network. Management says that in the coming time, the company will be seen strengthening its pipeline infrastructure for gas distribution in many new cities, due to which there is full hope of seeing a good boom in the company’s business.

As the infrastructure becomes stronger MGL Share Price Target 2025 Showing very good growth till now, you can see the first target of Rs 1350. After that you can see the second target of interest to be Rs 1400.

MGL Share Price Target 2025 Table

Year MGL Share Price Target 2025
First Target 2025 Rs 1350
Second Target 2025 Rs 1400

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MGL Share Price Target 2026

India is the third largest consumer of Natural Gas in the world after China and America, due to which there are huge opportunities for growth in this sector in the coming years. Analysts believe that the consumption of natural gas is expected to increase to around 70 percent in the coming few years.

The management is fully hopeful that in the coming few years the demand for Natural Gas may be seen showing a growth of about 12 to 15 percent every year. Keeping this business opportunity in mind in the coming times, the management of MGL is continuously making every effort to expand its business across the country, due to which the company can be seen getting very good profits in the coming years.

As the number of customers adds to the company, MGL Share Price Target 2026 Till now, along with showing growth in the business, you can see the first target showing Rs 1600. And then you can definitely think of holding the second target for Rs 1700.

MGL Share Price Target 2026 Table

Year MGL Share Price Target 2026
First Target 2026 Rs 1600
Second Target 2026 Rs 1700

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MGL Share Price Target 2027

Mahanagar Gas MGL is gradually seen investing huge amounts of money in the development of new projects every year. The company is seen planning to invest Rs. 800 crores on the development of new projects every year for the next few years, due to which the pace of growth of the company’s business is going to increase even more in the coming times.

The company still has many such projects under construction in which the management says that very soon you will get to see all the projects operational. As new projects are seen starting operations at different locations of the company, gradually the revenue of the company will also be seen increasing accordingly.

Along with investing in new projects MGL Share Price Target 2027 Till now, with the same growth being shown in the business, you are expected to show the first target of Rs 1900. After achieving this target, you will definitely see another target of Rs 2000.

MGL Share Price Target 2027 Table

Year MGL Share Price Target 2027
First Target 2027 Rs 1900
Second Target 2027 Rs 2000

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MGL Share Price Target 2030

If seen in the long run, there is full potential for India’s natural gas consumption to grow very rapidly. Currently, India depends on Natural Gas for only 6 percent of its energy consumption, but the Government of India has taken many such initiatives due to which the consumption of Natural Gas can be increased from 6 percent to about 15 percent in the coming years. The complete plan is visible.

India’s per capita energy consumption is one-third of the global market average, which reflects India’s potential energy demand in the future. Mahanagar Gas MGL being one of the largest companies in India’s gas distribution business, the company is definitely going to see its benefits.

Looking at long term business opportunities MGL Share Price Target 2030 There is every possibility of the share price rising to around Rs 3500 while giving excellent returns to the shareholders till now.

MGL Share Price Target 2024, 2025, 2026, 2027, 2030 Table

Year MGL Share Price Target
First Target 2024 Rs 1100
Second Target 2024 Rs 1180
First Target 2025 Rs 1350
Second Target 2025 Rs 1400
First Target 2026 Rs 1600
Second Target 2026 Rs 1700
First Target 2027 Rs 1900
Second Target 2027 Rs 2000
Target 2030 Rs 3500
MGL Share Price Target 2024, 2025, 2026, 2027, 2030 Table

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Future of Mahanagar Gas (MGL) Share

If we look at the natural gas distribution business of Mahanagar Gas (MGL) in the future, there is a lot of growth opportunity. If we look at the government, we can see that keeping the environment in mind, it is providing help to the companies related to it under many different schemes to promote this sector, the benefits of which are being seen being availed by the companies very well. Have been.

Along with this, to increase the growth of its business, Mahanagar Gas (MGL) is also seen working rapidly to expand its business under partnership with different state governments of the country, due to which in the coming times. There are huge opportunities for growth in the company’s business.

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RISK of Mahanagar Gas (MGL) Share

Talking about the biggest risk in the business of Mahanagar Gas (MGL), the company is not able to complete its new project on time because it takes time for the company to get a lot of approvals for the project, if the company is not able to complete the project. If it takes too much time then the company has to pay penalty, the effect of which is visible in the financial performance of the company also.

Talking about the second risk, if we look at the gas distribution business, big companies like IGL, Adani Gas are slowly and steadily increasing their market share in different areas, due to this, Mahanagar Gas (MGL) will be in trouble in the coming years. may find it a little difficult to increase its market share.

my opinion:-

There is no doubt that in the coming times, the use of Natural Gas is going to increase very rapidly in India. Mahanagar Gas (MGL) being already a leading player in this sector, the company is definitely going to be seen taking advantage of this opportunity in future.

If you are a long-term investor and are planning to invest in companies in the gas distribution sector, then Mahanagar Gas (MGL) definitely seems to be a better option for you. But keep in mind that before taking any decision related to investment at any price, never forget to analyze the complete details of the company or take the advice of your financial advisor.

Mahanagar Gas (MGL) Share FAQ

– How will Mahanagar Gas (MGL) Share be from the future point of view?

Mahanagar Gas is seen to be continuously working on strengthening its pipeline infrastructure to expand the reach of its business across the country, the benefits of which will definitely be visible to the company in the future.

– Is Mahanagar Gas (MGL) a debt free company?

If we look at Mahanagar Gas (MGL), we can see a very small amount of debt burden, which the management can easily extinguish with the money from its reserves.

– Does Mahanagar Gas (MGL) Share pay good dividend every year?

Looking at the record of the last few years, it can definitely be said that Mahanagar Gas (MGL) Share pays a very good amount as dividend to its shareholders every year.

I hope MGL Share Price Target 2024, 2025, 2026, 2027, 2030 After reading this article, you would have got a very good idea about the direction in which the company’s performance has the potential to go in the coming years. If you still have any question related to this article, then do not forget to ask in the comments. To stay updated with important information about every such stock related to the share market, you can also read our other articles.

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