Mahanagar Gas Ltd
Long
Updated

MGL-Retesting of multiyear ATH breakout

899
MGL is a PSU stock in gas distribution.
Stock had given good move after multiyear ATH breakout and is currently retesting the breakout.

A safe stock for long term investors available at reasonable valuations.(Not a recommendation)
The only risk with gas distribution stocks are margins are dependant on crude oil prices.

Note
6% up today :)
Note
1700 from 1300 in just 1 month
Note
1850 done from 1300

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