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.
Dividend stocks: Several stocks including Eicher Motors, CAMS, Hindalco, KPIT Tech, Varun Beverages, Bharat Electronics (BEL), J&K Bank, Coal India, IRCTC will trade ex-dividend next week. Watch this Visual Story to see the full list.
Stocks in focus today: The sustained support from FIIs is guarding the domestic market against a steep correction. Raymond, Zomato, Mahanagar Gas, Birlasoft among stocks to watch on Wednesday, May 10, 2023.
Mahanagar Gas share price: Mahanagar Gas shares opened at ₹1,040 on BSE against the previous close of ₹999.35 and soon jumped 9 per cent to hit their 52-week high of ₹1,086.45.