Mangalore Refinery and Petrochemicals (MRPL) shares rose 5.6 per cent, logging an intraday high at ₹146.95 per share on the National Stock Exchange (NSE). At 12:47 PM, Mangalore Refinery and Petrochemicals share price was trading 2.16 per cent higher at ₹142.16 per share on NSE. In comparison, the NSE Nifty gained 0.08 per cent at 25,110.95.
The market capitalisation of the company stood at ₹24,914.94 crore. The 52-week high of the company stood at ₹224.9 per share, and the 52-week low was at ₹98.92.
Brokerage firm Yes Securities believes that the worst for MRPL is behind and sees a better Q2 on stronger refining cracks. The brokerage maintained ‘Buy’ rating on the stock with a revised target of ₹180 per share from ₹160, valuing the stock at 1.9x FY27e price-to-book (P/B).
