Momentum pick: MGL hits 52-week high; can offer gains worth up to Rs 200/share

The stock hit its 52-week high of Rs 995.50 on the intraday basis on Wednesday and ended flat at Rs 986 on the NSE.Considered as a dominant player in the CGD (city gas distribution) space in and around Mumbai, the stock of MGL has returned more than 37% over a 12-month period, outperforming the Nifty50 by approximately 28%