Mangalore Refinery And Petrochemicals Ltd (MRPL)

MRPL Reports Decline in Q1 Results; Analysts Recommend Selling - 24 Jul, 2024

Mangalore Refinery And Petrochemicals Ltd reports a decline in Q1 2025 profits and revenues. Prabhudas Lilladher recommends selling MRPL with a target price of Rs 130. The stock has given positive returns over the past year.

MRPL Shares Tumble Over 12% After Weak Q1 Results - 23 Jul, 2024

Mangalore Refinery And Petrochemicals Ltd (MRPL) reported a significant drop in Q1 net profit, leading to a sharp fall in share prices. Analysts recommend selling the stock due to weak refining performance and lower-than-expected EBITDA.

MRPL Reports Decline in Q1 Net Profit, Opens New Fuel Outlet - 22 Jul, 2024

Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 92.8% YoY decline in Q1 net profit at ₹73.2 crore, opened a new fuel outlet, and generated ₹66 crore net profit during the same quarter.

Technical Analysis Suggests Buying Opportunity for MRPL Stock - 15 Jul, 2024

Mangalore Refinery And Petrochemicals Ltd (MRPL) has exhibited a decisive breakout with substantial trading volume, indicating an attractive buying opportunity. Technical analysis suggests adding long positions within the Rs 235-245 range, targeting an upside potential of Rs 270 while setting a stop-loss at Rs 225 on a daily closing basis.

MRPL Stock Exhibits Decisive Breakout - 14 Jul, 2024

Mangalore Refinery and Petrochemicals Ltd (MRPL) has exhibited a decisive breakout from its price range of Rs 210-230, accompanied by substantial trading volume. Technical analysis indicators suggest a positive outlook for the stock, making it an attractive buying opportunity within the Rs 235-245 range.

Mangalore Refinery & Petrochemicals Stock Expected to Appreciate - 13 Jul, 2024

After moving in a sideways range of ₹200-225 since May, Mangalore Refinery & Petrochemicals stock has broken out and is expected to appreciate to ₹300 over the next few months. Investors can buy at ₹240 with stop-loss at ₹195 and accumulate if it dips to ₹225.

MRPL Stock Surges on High Volume Trading - 09 Jul, 2024

Mangalore Refinery And Petrochemicals Ltd (MRPL) witnessed a surge in trading volume, with its stock increasing by 7.77% to Rs.235.85. The volume of 7.95 lakh shares was four times the two-week average daily volume.

MRPL MD Assigned Additional Charge of Director (Finance) - 05 Jul, 2024

Mundkur S Kamath, the current Managing Director of MRPL, has been assigned the additional charge of Director (Finance) for a period of three months or until further orders. The information was shared by the petroleum PSU in a regulatory filing to the stock exchanges.

MRPL Stock Shows Bullish Momentum - 04 Jul, 2024

Technical indicators suggest that Mangalore Refinery And Petrochemicals Ltd (MRPL) is likely to experience a breakout in the near future. MRPL has been consolidating above key moving averages, indicating stabilizing prices at higher levels. The Relative Strength Index (RSI) on the hourly chart consistently remains above 40, indicating bullish momentum.

MRPL CFO Resigns, Standalone Net Profit Declines - 02 Jul, 2024

Mangalore Refinery & Petrochemicals' CFO and Director of Finance, Vivek Tongaonkar, has resigned. The company reported a 40.41% decline in standalone net profit to Rs 1,136.84 crore despite marginal fall in revenue from operations in Q4 FY24 over Q4 FY23. MRPL's stock rose by 0.39%.

Analyst Recommends Buying MRPL Stock - 25 Jun, 2024

Ruchit Jain recommends buying Mangalore Refinery and Petrochemicals Ltd (MRPL) as the stock has been consolidating in a range since last few months and is now trading around its 100 DEMA support. Positional traders can buy the stock in the range of ₹225-220 for potential target of ₹260.