MGL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.8
| Stock Code | MGL | Market Cap | 9,891 Cr. | Current Price | 1,001 ₹ | High / Low | 1,587 ₹ |
| Stock P/E | 10.2 | Book Value | 629 ₹ | Dividend Yield | 3.00 % | ROCE | 22.9 % |
| ROE | 17.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,104 ₹ | DMA 200 | 1,212 ₹ |
| Chg in FII Hold | 1.30 % | Chg in DII Hold | -2.06 % | PAT Qtr | 202 Cr. | PAT Prev Qtr | 193 Cr. |
| RSI | 31.6 | MACD | -30.1 | Volume | 10,51,072 | Avg Vol 1Wk | 7,83,360 |
| Low price | 988 ₹ | High price | 1,587 ₹ | PEG Ratio | 0.57 | Debt to equity | 0.03 |
| 52w Index | 2.17 % | Qtr Profit Var | -10.4 % | EPS | 97.9 ₹ | Industry PE | 14.4 |
📊 Analysis: MGL shows weak momentum for intraday trading today. RSI at 31.6 indicates oversold conditions, but MACD is sharply negative (-30.1), confirming bearish momentum. Current price (1,001 ₹) is trading well below both 50 DMA (1,104 ₹) and 200 DMA (1,212 ₹), showing short-term and medium-term weakness. Volume is higher than the 1-week average, suggesting strong participation, but the price action reflects selling pressure rather than accumulation.
💡 Optimal Buy Price: Around 995–1,005 ₹ if intraday support holds.
🎯 Profit Exit Levels: 1,020 ₹ (first target), 1,040 ₹ (second target if momentum improves).
⚠️ Stop-Loss: 985 ₹ to protect against downside risk.
📌 If Already Holding: Consider exiting near 1,020–1,040 ₹ if momentum indicators remain weak. If price falls below 985 ₹ with volume confirmation, exit to avoid deeper losses.
✅ Positive
- Quarterly PAT growth (202 Cr. vs 193 Cr.).
- EPS at 97.9 ₹ supports earnings visibility.
- ROCE (22.9%) and ROE (17.7%) indicate strong capital efficiency.
- PEG ratio at 0.57 suggests reasonable valuation relative to growth.
- Debt-to-equity ratio at 0.03, nearly debt-free.
- Dividend yield at 3.00% adds income stability.
⚠️ Limitation
- Price trading well below both 50 DMA and 200 DMA, showing weakness.
- RSI and MACD indicate strong bearish momentum.
- 52-week index at 2.17% shows severe underperformance relative to highs.
📉 Company Negative News
- DII holdings decreased (-2.06%), showing reduced domestic confidence.
- Quarterly profit variation (-10.4%) indicates sequential weakness.
📈 Company Positive News
- FII holdings increased (+1.30%), showing foreign investor confidence.
- Strong fundamentals with low leverage and high dividend yield.
🏭 Industry
- City gas distribution sector trading at PE ~14.4, MGL is undervalued with P/E of 10.2.
- Sector demand remains defensive, benefiting from urban energy consumption and clean fuel adoption.
🔎 Conclusion
MGL is not an ideal intraday candidate today due to strong bearish momentum and weak technicals. A cautious buy near 995–1,005 ₹ with targets at 1,020 ₹ and 1,040 ₹ offers limited opportunity, but traders should maintain a strict stop-loss at 985 ₹. Better suited for swing trades if price sustains above 1,104 ₹ (50 DMA) with improving momentum.
Would you like me to prepare a peer benchmarking overlay with other city gas distribution companies (like IGL, Gujarat Gas, Adani Total Gas) so you can compare MGL’s intraday strength against sector leaders?