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Synopsis : MRPL stock, down 21% from peak, trades at Rs 227.65. Despite volatility, gained 274% in a year. Analysts predict downside with targets of Rs 138 and Rs 175.
MRPL shares hit a record high of Rs 289.25 on February 19 this year but have since fallen to Rs 227.65 in early trading. Despite this, they've surged 273.73% in a year and 101% in six months, experiencing average volatility with a beta of 1. The relative strength index (RSI) sits at 46.1, indicating neutral trading conditions.
In today's session, MRPL shares slipped 1.92% to Rs 225, reducing the company's market cap to Rs 39,443 crore. Prabhudas Lilladher maintains a sell rating with a price target of Rs 138, citing weak refining margins. Motilal Oswal has assigned a price target of Rs 175, anticipating a 24% downside from the current market price.
MRPL's Q4 net profit decreased by 40% to Rs 1,137 crore, with revenue from operations slightly lower at Rs 29,190 crore. For the fiscal year 2023-24, the company recorded a 36.32% rise in profit after tax (PAT) to Rs 3,596 crore. Despite a decrease in gross refining margin (GRM) to $11.35 per barrel in Q4, MRPL plans significant capital expenditure towards increasing petrochemical integration, expanding retail outlets, and launching new products.
Operating across segments such as Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC), MRPL provides value-added services. It's important to note that stock market news provided here is for informational purposes only and not investment advice. Consultation with a qualified financial advisor is recommended before making any investment decisions.
Disclaimer: we Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Related Questions
1. What is the recent performance of MRPL shares?
MRPL shares reached a record high of Rs 289.25 on February 19 but have since fallen to Rs 227.65 in early trading. Despite recent fluctuations, they have surged 273.73% in a year and 101% in six months, exhibiting average volatility with a beta of 1.
2. What is the current market sentiment towards MRPL shares?
In today's session, MRPL shares slipped 1.92% to Rs 225, resulting in a market cap reduction to Rs 39,443 crore. The relative strength index (RSI) at 46.1 suggests neutral trading conditions.
3. What are the price targets and ratings provided by financial analysts for MRPL?
Prabhudas Lilladher maintains a sell rating for MRPL with a price target of Rs 138, citing weak refining margins. Motilal Oswal has assigned a price target of Rs 175, anticipating a 24% downside from the current market price.
4. How has MRPL performed financially in recent quarters?
MRPL's Q4 net profit decreased by 40% to Rs 1,137 crore, with revenue from operations slightly lower at Rs 29,190 crore. However, for the fiscal year 2023-24, the company recorded a 36.32% rise in profit after tax (PAT) to Rs 3,596 crore.
5. What are MRPL's future plans and investments?
Despite a decrease in gross refining margin (GRM) to $11.35 per barrel in Q4, MRPL plans significant capital expenditure towards increasing petrochemical integration, expanding retail outlets, and launching new products.
6. What segments does MRPL operate in, and what services does it provide?
Operating across segments such as Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC), MRPL provides value-added services.
