MGL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.9
| Stock Code | MGL | Market Cap | 11,218 Cr. | Current Price | 1,136 ₹ | High / Low | 1,587 ₹ |
| Stock P/E | 11.6 | Book Value | 629 ₹ | Dividend Yield | 2.64 % | ROCE | 22.9 % |
| ROE | 17.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,080 ₹ | DMA 200 | 1,174 ₹ |
| Chg in FII Hold | -0.76 % | Chg in DII Hold | 0.18 % | PAT Qtr | 202 Cr. | PAT Prev Qtr | 193 Cr. |
| RSI | 63.2 | MACD | 31.0 | Volume | 2,07,152 | Avg Vol 1Wk | 1,79,916 |
| Low price | 900 ₹ | High price | 1,587 ₹ | PEG Ratio | 0.65 | Debt to equity | 0.03 |
| 52w Index | 34.3 % | Qtr Profit Var | -10.4 % | EPS | 97.9 ₹ | Industry PE | 21.5 |
📈 Optimal Buy Price
Entry zone: ₹1,125–₹1,140, near 50 DMA support. Avoid chasing above ₹1,150 unless volume expands beyond weekly average.
🎯 Exit Levels
- Profit-taking: ₹1,155–₹1,170 if momentum sustains
- Stop-loss: Below ₹1,115 (weakness under support)
⏳ Intraday Exit Guidance
If already holding, consider exiting if RSI dips below 60, price fails to hold above ₹1,125, or intraday volume momentum fades below 1.8 lakh with stagnant price action. Book profits near ₹1,155–₹1,170 if momentum slows.
✅ Positive
Strong fundamentals with low debt-to-equity (0.03), healthy ROE (17.7%) and ROCE (22.9%), EPS at ₹97.9, and dividend yield at 2.64% providing shareholder returns. Price trading above 50 DMA confirms short-term strength.
⚠️ Limitation
Quarterly profit variance (-10.4%) indicates earnings pressure, FII outflows (-0.76%) weigh on sentiment, and stock trading below 200 DMA (₹1,174) shows long-term resistance.
📉 Company Negative News
Profit contraction in recent quarter and foreign investor selling pressure.
📊 Company Positive News
Sequential PAT growth (₹193 Cr. → ₹202 Cr.), domestic institutional inflows (+0.18%), and technical momentum supported by MACD at 31.0.
🏭 Industry
Gas distribution sector average P/E at 21.5, MGL trades at a discount (11.6), reflecting valuation comfort. Sector outlook supported by urban demand and clean energy transition.
🔎 Conclusion
MGL is a solid intraday candidate with valuation comfort and momentum support. Best suited for entries near ₹1,125–₹1,140 with exits around ₹1,155–₹1,170. Maintain strict stop-loss below ₹1,115 and monitor RSI/volume closely for intraday signals.