Assembly approves a Bill to that effect introduced by Finance Minister

Amendment to APVAT Act facilitates MRPL’s commercial operations in A.P.

Mangalore Refinery And Petrochemicals Ltd registered volume of 182.48 lakh shares by 14:14 IST on NSE, a 9.25 fold spurt over two-week average daily volume of 19.73 lakh shares

Volumes spurt at Mangalore Refinery And Petrochemicals Ltd counter

On March 9, MRPL signed an agreement with Indian Institute of Chemical Technology (IICT) for collaborative research

MRPL shares gain 7%, trade in the green for fifth straight session

Mangalore Refinery And Petrochemicals Ltd, KSB Ltd, Swan Energy Ltd and Adani Green Energy Ltd are among the other gainers in the BSE’s ‘A’ group today, 10 March 2023.

Sequent Scientific Ltd leads gainers in ‘A’ group

Will work towards collaborative research and development in areas such as valorisation of low-value refinery streams and CO2 capture.

MRPL signs research agreement with IICT

Some of the stocks in the list included TV18 Broadcast, Mangalore Refinery and Petrochemicals, Indiabulls Real Estate, Privi Speciality Chemicals, Adani Wilmar, FSN E-Commerce Ventures (Nykaa), HLE Glascoat, Intellect Design Arena, Amber Enterprises India, Delhivery and Mastek.

Not Just Adani stocks, these other 15 BSE500 firms also declined more than 50% from one-year highs; do you own any?

With this, MRPL has become the first Indian hydrocarbon refinery to sign an MoU to provide Bio-ATF to Indian Air Force

MRPL inks pact with Indian Air Force to supply Bio-ATF

Broker’s Call: MRPL (Buy)

“As and when the two key units come back, we will resume operations,” M. Venkatesh said on the sidelines of India Energy Week, adding that all other units are expected to resume operations within a stipulated time.

India’s MRPL to shut Phase-3 units for maintenance from mid-August

Motilal Oswal recommended Neutral rating on MRPL with a target price of Rs 66 in its research report dated January 30, 2023.

Neutral MRPL; target of Rs 66: Motilal Oswal

Mangalore Refinery & Petrochemicals (MRPL) reported a standalone net loss of Rs 187.96 crore in Q3 FY23 as compared to a net profit of Rs 586.37 crore in Q3 FY22.

MRPL reports dismal Q3 performance

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mangalore Refinery and Petrochemicals Limited is engaged in the business of refinery and manufacturing of refined petroleum products.