Short-term traders can look to buy the stock on dips for a possible target of Rs 1,500-1,600 levels in the next 3-4 months, suggest experts. MGL rose from Rs 1,018 on October 23, 2023, to Rs 1,345 as of January 24, 2024, an upside of over 32% in the last three months. The stock rose more than 8% in a week and over 14% in a month. It hit a fresh record high of Rs 1,386 on January 25, 2024.