Stock of Interest

Posted On: July 31, 2023

Stock Report: MRPL (NSE) 28 July 2023 

Mangalore Refinery and Petrochemicals Limited (MRPL) is a division of the Oil and Natural Gas Corporation (ONGC), owned by the Ministry of Petroleum and Natural Gas in India. Established in 1988, it is located in Katipalla, Mangalore. MRPL engages in oil refining and petrochemical production, with subsidiaries like ONGC Mangalore Petrochemicals Limited and MORE. The company’s stock is traded on the NSE under the ticker MRPL. In 2022, MRPL reported a revenue of INR 86,161 crores (US$11 billion) and total assets worth INR 40,071 crores (US$5.0 billion). It is a significant player in India’s energy sector, meeting the nation’s energy needs.

#xCalData predicts that #MRPL will continue its bullish phase over the next five days and trend within the range of 79 to 87. 

In comparison to the previous month, the price of the stock has experienced an increase of 6.93% indicating a bullish.

The Stock has doubled Once since 07 Jan 2015 and took an average of 1.8 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Some of the technical indicator namely Coppock Curve, MFI, Stochastic Oscillator indicates Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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