MGL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.5
| Stock Code | MGL | Market Cap | 10,395 Cr. | Current Price | 1,051 ₹ | High / Low | 1,587 ₹ |
| Stock P/E | 10.5 | Book Value | 629 ₹ | Dividend Yield | 2.86 % | ROCE | 22.9 % |
| ROE | 17.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,118 ₹ | DMA 200 | 1,248 ₹ |
| Chg in FII Hold | 1.30 % | Chg in DII Hold | -2.06 % | PAT Qtr | 193 Cr. | PAT Prev Qtr | 320 Cr. |
| RSI | 41.6 | MACD | -19.8 | Volume | 1,76,280 | Avg Vol 1Wk | 1,66,749 |
| Low price | 1,019 ₹ | High price | 1,587 ₹ | PEG Ratio | 0.59 | Debt to equity | 0.03 |
| 52w Index | 5.70 % | Qtr Profit Var | -32.6 % | EPS | 100 ₹ | Industry PE | 19.5 |
📊 Analysis: MGL is trading at 1,051 ₹, below its 50 DMA (1,118 ₹) and 200 DMA (1,248 ₹), indicating short-term and medium-term weakness. RSI at 41.6 suggests the stock is approaching oversold territory, while MACD (-19.8) reflects bearish momentum. Intraday volume (1.76 lakh) is slightly above the weekly average (1.66 lakh), showing stable participation. Fundamentals remain strong with ROE 17.7%, ROCE 22.9%, and EPS at 100 ₹, but recent profit decline and weak technicals limit intraday upside.
💰 Optimal Buy Price (Intraday): 1,045–1,050 ₹ (near support zone).
📈 Profit-Taking Levels: 1,065 ₹ (first resistance), 1,080 ₹ (secondary resistance).
⚠️ Stop-Loss / Loss Protection: 1,035 ₹ (below intraday support).
⏱️ If Already Holding: Exit if price fails to sustain above 1,065 ₹ with volume confirmation or if RSI dips below 40 intraday. Hold for extended gains only if momentum sustains above 1,080 ₹ with strong volume recovery.
Positive
- 📈 Strong fundamentals: ROE 17.7%, ROCE 22.9%.
- 📊 EPS at 100 ₹ supports valuation strength.
- 📉 Debt-to-equity at 0.03, almost debt-free.
- 📈 Dividend yield at 2.86% adds investor confidence.
- 📊 FII holdings increased (+1.30%).
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA.
- 📉 MACD (-19.8) indicates bearish momentum.
- 📊 RSI near oversold but not yet showing reversal strength.
Company Negative News
- 📉 PAT dropped sharply (320 Cr. → 193 Cr.).
- ⚠️ DII holdings decreased (-2.06%).
Company Positive News
- 📈 EPS strength supports long-term investor confidence.
- 📊 Dividend yield and FII accumulation add stability.
Industry
- 🏭 Gas distribution sector PE at 19.5, MGL trades at a discount (10.5).
- 📈 Sector supported by urban energy demand and infrastructure expansion.
Conclusion
⚖️ MGL is a moderate intraday candidate. Buy near 1,045–1,050 ₹ with stop-loss at 1,035 ₹. Profit booking can be considered at 1,065–1,080 ₹. Momentum indicators suggest caution, as MACD remains bearish despite strong fundamentals. Traders should rely on volume confirmation before holding beyond 1,080 ₹.
Would you like me to also prepare a peer benchmarking overlay comparing MGL with Indraprastha Gas (IGL) and Gujarat Gas to highlight relative intraday strength in the city gas distribution sector?