June 26, 2025: Mangalore Refinery And Petrochemicals Ltd (MRPL), a key player in the refineries sector and classified as a midcap stock on the BSE, saw its share price fluctuate between ₹141.75 and ₹144.3 today, closing at ₹143.3. Over the past year, the stock has experienced significant volatility, with its 52-week low at ₹98.95 and a high of ₹253.55.
The stock posted a daily gain of 1.63%, while delivering modest returns of 1.13% over the past month and 1.84% in the last three months. Despite recent stability, MRPL’s one-year performance remains subdued at -34.4%, highlighting the challenges the sector faces amid global oil market fluctuations.
Technical analysis reveals that the stock is trading near its daily pivot level of ₹143.23, with resistance levels at ₹144.72, ₹145.58, and ₹147.07, while key supports lie between ₹142.37 and ₹140.02. Short-term moving averages indicate a bullish bias, with the 5-day SMA and EMA standing at ₹135.52 and ₹140.4 respectively, and the 20-day SMA and EMA closely aligned around ₹141.
Longer-term averages show the stock trading above its 100-day SMA of ₹129.6, suggesting medium-term strength. However, investors are cautious due to a stark one-year loss and the highly cyclical nature of the refining sector.
In comparison, Reliance Industries, a dominant player in the sector, has shown stronger short to medium-term returns, with a 3-month gain of 15.88% and a 6-month gain of 21.21%, although it too faced a slight one-year dip of -2.58%.
MRPL’s impressive 5-year returns of over 265% underscore its long-term growth potential, making it a stock worth watching for investors seeking midcap exposure in the refining space.
As crude oil markets stabilize and demand rebounds, MRPL’s technical strength and valuation could attract renewed investor interest in the coming quarters.