MRPL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | MRPL | Market Cap | 33,685 Cr. | Current Price | 192 ₹ | High / Low | 215 ₹ |
| Stock P/E | 15.5 | Book Value | 75.8 ₹ | Dividend Yield | 2.08 % | ROCE | 4.36 % |
| ROE | 0.40 % | Face Value | 10.0 ₹ | DMA 50 | 182 ₹ | DMA 200 | 160 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | -0.40 % | PAT Qtr | 1,445 Cr. | PAT Prev Qtr | 639 Cr. |
| RSI | 51.3 | MACD | 3.84 | Volume | 1,79,50,324 | Avg Vol 1Wk | 5,58,34,423 |
| Low price | 114 ₹ | High price | 215 ₹ | PEG Ratio | -0.21 | Debt to equity | 0.81 |
| 52w Index | 77.2 % | Qtr Profit Var | 375 % | EPS | 12.4 ₹ | Industry PE | 13.7 |
📊 Chart & Trend: MRPL trades at ₹192, above its 50 DMA (₹182) and 200 DMA (₹160). This indicates short-term and medium-term strength, with the stock maintaining an upward bias after recent gains.
📉 Momentum Indicators: RSI at 51.3 shows neutral momentum, neither overbought nor oversold. MACD at +3.84 confirms mild bullish momentum. Bollinger Bands suggest price is mid-range, with support near ₹185 and resistance around ₹200–₹205.
📈 Volume Trends: Current volume (1.79 Cr) is lower than the 1-week average (5.58 Cr), reflecting reduced participation and lack of strong conviction in the current move.
🔑 Entry Zone: ₹185–₹190 (near support and 50 DMA).
🚪 Exit Zone: ₹200–₹205 (near resistance and upper consolidation band).
📌 Trend Status: The stock is in consolidation with bullish bias, supported by moving averages but facing resistance near ₹200.
Positive
- Quarterly PAT surged (₹639 Cr → ₹1,445 Cr).
- EPS at ₹12.4 shows earnings improvement.
- Dividend yield at 2.08% provides income stability.
- FII holdings increased (+0.83%), showing foreign investor confidence.
Limitation
- ROCE (4.36%) and ROE (0.40%) show weak efficiency.
- Debt-to-equity ratio at 0.81 indicates moderate leverage.
- 52-week index at 77.2% shows strong past performance but limited upside potential.
- PEG ratio at -0.21 suggests valuation concerns relative to growth.
Company Negative News
- DII holdings decreased (-0.40%), showing reduced domestic institutional support.
- Efficiency ratios remain weak despite profit growth.
Company Positive News
- Sequential PAT growth highlights strong profitability momentum.
- FII stake increased, supporting long-term confidence.
Industry
- Oil refining sector PE at 13.7, slightly lower than MRPL’s valuation of 15.5.
- Sector rotation favors energy stocks, but efficiency metrics remain critical for sustained performance.
Conclusion
⚖️ MRPL is consolidating with bullish bias, trading above key averages. Entry near ₹185–₹190 offers margin of safety, while exits around ₹200–₹205 provide profit-taking opportunities. Despite weak efficiency ratios and moderate debt, strong profitability growth, dividend yield, and foreign investor confidence support resilience in the near term.
Would you like me to extend this into a peer benchmarking overlay with HPCL, BPCL, and IOCL to highlight MRPL’s relative strength within the refining and energy sector?