This has run up in last 1 week very quickly. Yet this is just a starting. Keep tracking, any retrace around 400 can give a better entry point.
Fundamental Trigger: - Gas price has increase substantially, Govt is diverting Industrial Gas to IGL & MGL to cool off the price of LPG. - Hence, Their input cost will collapse dramatically & Margin can revert back sharply. - Next 2 quarter will be epic for both IGL & MGL
Technical : - Risk rewards is great for MGL then IGL, Gujarat gas is a laggard. - Price may correct for 1-2 week maybe. But the long term trend is positive.
Disc. : Invested in both IGL & MGL.
P.S. : like & let me know if these inputs help you. Little appreciation would be great..! :)
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