MGL - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 4.2
| Stock Code | MGL | Market Cap | 11,213 Cr. | Current Price | 1,135 ₹ | 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 | 1,082 ₹ | DMA 200 | 1,173 ₹ |
| 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 | 30.2 | Volume | 1,25,862 | Avg Vol 1Wk | 1,76,858 |
| 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 | 21.9 |
MGL presents a strong case for swing trading with favorable fundamentals and supportive technicals. The RSI at 63.2 indicates bullish momentum without being overbought, while MACD is positive, confirming upward trend strength. The PEG ratio of 0.65 and debt-to-equity of 0.03 highlight undervaluation and financial stability. However, declining FII holdings and a slight drop in quarterly profit growth warrant caution.
✅ Optimal Entry Price: Around ₹1,100 – ₹1,120 (near 50 DMA support).
📈 Exit Strategy if Holding: Consider exiting around ₹1,250 – ₹1,280 (resistance zone near 200 DMA and recent highs).
👍 Positive
- Strong ROCE (22.9%) and ROE (17.7%) show efficient capital use.
- Low debt-to-equity ratio (0.03) ensures financial stability.
- Dividend yield of 2.64% provides steady returns.
- EPS of ₹97.9 reflects solid earnings power.
⚠️ Limitation
- Quarterly profit variation at -10.4% indicates short-term earnings pressure.
- FII holdings declined by -0.76%, showing reduced foreign investor confidence.
- Trading volume below weekly average, suggesting weaker participation.
📰 Company Negative News
- Decline in FII holdings (-0.76%) could weigh on sentiment.
- Quarterly PAT growth slowed compared to previous quarter.
🌟 Company Positive News
- PAT remains strong at ₹202 Cr despite slight decline.
- DII holdings increased (+0.18%), showing domestic institutional support.
🏭 Industry
- Industry PE at 21.9, higher than MGL’s PE of 11.6, suggesting undervaluation.
- Gas distribution sector benefits from rising urban demand and clean energy push.
✅ Conclusion
MGL is a fundamentally strong and technically favorable candidate for swing trading. Entry near ₹1,100 – ₹1,120 offers a good risk-reward setup, with an exit target around ₹1,250 – ₹1,280. Monitor volume recovery and earnings trend for sustained upside momentum.