External broker reports(aggregated public sources), IDBI Capital

IDBI Capital

IDBI Capital is a leading Fund Manager in the country for Provident, Pension and Retirement Benefit Funds.

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External broker reports(aggregated public sources)

Equity Bottom-Up

On the Monthly chart MGL has taken support at it rising trend line and looks ready for bounce and can cross its previous all-time high of 1377 in next 6-8 months.Rollover also has been strong in the stock with 71% of the positions are already rolled in August Expiry.Recent hike in CNG Price will benefit the company to improve its margin and Current trend in petrol prices will increase the demand in CNG vehicles.Considering all the above reasoning discussed, we recommend buying the stock in the range of 1090-1140, for the target of 1380, keep a stop loss at 1020<div class="content-highlight">Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</div>

On the Monthly chart MGL has taken support at it rising trend line and looks ready for bounce and can cross its previous all-time high of 1377 in next 6-8 months.Rollover also has been strong in the stock with 71% of the positions are already rolled in August Expiry.Recent hike in CNG Price will benefit the company to improve its margin and Current trend in petrol prices will increase the demand in CNG vehicles.Considering all the above reasoning discussed, we recommend buying the stock in the range of 1090-1140, for the target of 1380, keep a stop loss at 1020Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Technical Report MGL: Close the Call as Stock Is Showing Weakness and Overall Markets Also Weak

Mahanagar Gas

Technical Report MGL: Close the Call as Stock Is Showing Weakness and Overall Markets Also Weak