MRPL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | MRPL | Market Cap | 28,534 Cr. | Current Price | 163 ₹ | High / Low | 185 ₹ |
| Stock P/E | 13.1 | Book Value | 75.8 ₹ | Dividend Yield | 0.00 % | ROCE | 4.36 % |
| ROE | 0.40 % | Face Value | 10.0 ₹ | DMA 50 | 154 ₹ | DMA 200 | 148 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | -0.40 % | PAT Qtr | 1,445 Cr. | PAT Prev Qtr | 639 Cr. |
| RSI | 55.7 | MACD | 4.62 | Volume | 43,62,623 | Avg Vol 1Wk | 2,18,13,997 |
| Low price | 98.9 ₹ | High price | 185 ₹ | PEG Ratio | -0.18 | Debt to equity | 0.81 |
| 52w Index | 74.2 % | Qtr Profit Var | 375 % | EPS | 12.4 ₹ | Industry PE | 9.25 |
📊 Chart Patterns & Trend: MRPL is trading at 163 ₹, above both its 50 DMA (154 ₹) and 200 DMA (148 ₹). This indicates a bullish reversal from recent lows. The stock is closer to its 52-week high (185 ₹) than its low (98.9 ₹), reflecting improving sentiment.
📈 RSI: At 55.7, RSI is neutral-to-positive, suggesting balanced momentum with room for further upside.
📉 MACD: Positive at 4.62, confirming bullish crossover and short-term upward momentum.
📊 Bollinger Bands: Price is near the mid-to-upper band, indicating strengthening momentum but caution for possible short-term pullbacks.
📊 Volume Trends: Current volume (43,62,623) is significantly lower than average weekly volume (2,18,13,997), showing reduced participation despite price recovery.
🎯 Entry Zone: 158–162 ₹ (near 50 DMA support).
🎯 Exit Zone: 178–185 ₹ (near resistance and 52-week high).
Positive
- Market cap of 28,534 Cr. reflects strong presence in refining sector.
- Stock P/E of 13.1 is attractive compared to industry PE of 9.25.
- Quarterly PAT surged to 1,445 Cr. from 639 Cr., showing strong sequential growth.
- FII holdings increased by 0.83%, showing foreign investor confidence.
- EPS at 12.4 ₹ supports earnings visibility.
Limitation
- ROCE (4.36%) and ROE (0.40%) are weak, limiting long-term compounding potential.
- Dividend yield is 0.00%, offering no income return for investors.
- Debt-to-equity ratio at 0.81 is relatively high.
- PEG ratio of -0.18 indicates poor earnings growth relative to valuation.
- Trading volumes are significantly lower than average, reducing conviction in price action.
Company Negative News
- DII holdings decreased (-0.40%), showing reduced domestic institutional confidence.
- Weak ROE and ROCE highlight inefficiency in capital utilization.
Company Positive News
- Quarterly PAT growth of 375% indicates strong operational improvement.
- FII stake increase reflects global investor interest.
- Stock trading above both 50 DMA and 200 DMA, signaling bullish reversal.
Industry
- Refining sector trading at industry PE of 9.25, making MRPL slightly overvalued at P/E of 13.1.
- Sector outlook remains cyclical, tied to crude oil prices and refining margins.
Conclusion
⚖️ MRPL is in a bullish reversal phase with supportive RSI and positive MACD. Entry near 158–162 ₹ offers margin of safety, while exits around 178–185 ₹ provide profit-taking opportunities. Long-term investors should be cautious due to weak ROE/ROCE and high debt, while short-term traders may exploit momentum toward the 52-week high.
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