Mahanagar Gas Ltd
Last time we covered the stock at 1120 levels for target of 1220
Link to previous post
It over exceeded our target and went to 1345 level... However the stock went out of gas there and fell straight from 1345 to 1060 odd levels... which provides good support.
Since listing it's also the first time when the stock has corrected...
Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. Its businesses include Domestic PNG, Commercial PNG, CNG, Industrial PNG, and Gas Geysers. The company was founded on May 8, 1995 and is headquartered in Mumbai, India.