Interesting Opportunity - Amid war situation that no one is talking about🔻

After middle east tensions, many Natural Gas/LNG and LPG shortage has been reported. This has pushed some Gas Stocks like IGL and MGL up from their crucial support zones.

A co-incidence or sharp opportunity mindset by Parag Parikh in February picked exactly both these stocks in its portfolio as new picks✔️

Why these stocks make perfect sense for Parag parikh?

Because their valuations are literally 10 PE and 13 PE along with some margin expansion expectations in coming quarters. This may lead to favorable turnaround conditions after steep price correction in recent years.

Note : Parag Parikh has allocated a very tiny portion of its AUM in these stocks, hence it is important to be overly cautious as they can also easily liquidate these stocks📉

Below are the Technicals for IGL and MGL :

MGL Technical Setup :

E1 : ₹1047 (Around CMP)

E2 : ₹790-₹800

Risk should be probably managed by position sizing, i.e allocation to such swings should be minimal to max 2-3% of your swing capital.

Holding Period for such swings can be 9-12 months, in worst case 24 months as well!

IGL Technical Setup :

E1 : ₹128-130

E2 : ₹110-₹115

Risk should be probably managed by position sizing, i.e allocation to such swings should be minimal to max 2-3% of your swing capital.

Holding Period for such swings can be 9-12 months, in worst case 24 months as well!

NOTE : Either of the stocks whenever trading near said support levels shall give a reversal indication, be it with Hammer candle or Double bottom pattern. Consider entering into the stock with such reversal patterns, this will help you to enter in trade with better conviction. Disclaimer : As of 11.03.2026, we are not invested in both of these stocks.

Regards,

Team GROWTHSQUAD

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