MRPL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | MRPL | Market Cap | 29,365 Cr. | Current Price | 168 ₹ | High / Low | 215 ₹ |
| Stock P/E | 15.2 | Book Value | 80.8 ₹ | Dividend Yield | 2.39 % | ROCE | 17.7 % |
| ROE | 14.2 % | Face Value | 10.0 ₹ | DMA 50 | 180 ₹ | DMA 200 | 165 ₹ |
| Chg in FII Hold | 1.36 % | Chg in DII Hold | -0.71 % | PAT Qtr | 119 Cr. | PAT Prev Qtr | 1,445 Cr. |
| RSI | 39.0 | MACD | -2.75 | Volume | 75,68,474 | Avg Vol 1Wk | 1,21,48,350 |
| Low price | 119 ₹ | High price | 215 ₹ | PEG Ratio | -1.52 | Debt to equity | 1.08 |
| 52w Index | 50.4 % | Qtr Profit Var | -67.1 % | EPS | 11.0 ₹ | Industry PE | 15.7 |
📊 Mangalore Refinery and Petrochemicals Ltd (MRPL) is trading below its 50 DMA (₹180) but slightly above its 200 DMA (₹165), showing short-term weakness with medium-term support. RSI at 39.0 reflects bearish momentum, while MACD (-2.75) confirms negative divergence. Bollinger Bands suggest price near the lower range, signaling oversold conditions. Current volume (75.7 lakh) is below the 1-week average (121.5 lakh), indicating reduced participation.
💡 Optimal Entry: ₹160–₹165 (near 200 DMA support)
🚪 Exit if Holding: Profit-taking zone around ₹175–₹180; Stop-loss below ₹155
📈 Trend Status: Reversing downward with bearish undertone
✅ Positive
- Trading above 200 DMA support
- Dividend yield of 2.39% adds investor appeal
- EPS at ₹11 supports earnings visibility
- FII holdings increased (+1.36%)
- ROE (14.2%) and ROCE (17.7%) show moderate efficiency
⚠️ Limitation
- Trading below 50 DMA, showing short-term weakness
- RSI at 39 indicates bearish momentum
- Quarterly PAT declined sharply (₹1,445 Cr → ₹119 Cr)
- High debt-to-equity ratio (1.08)
- PEG ratio at -1.52 signals poor growth outlook
📉 Company Negative News
- Sharp decline in quarterly profits (-67.1%)
- Weak efficiency metrics despite revenue base
- DII holdings decreased (-0.71%)
📈 Company Positive News
- FII inflows indicate foreign investor confidence
- Dividend yield supports investor interest
🏭 Industry
- Oil refining sector average PE at 15.7, MRPL trades in line (15.2)
- Sector remains cyclical with demand recovery trends
🔎 Conclusion
MRPL is reversing downward, trading below its 50 DMA with bearish RSI and MACD signals. Entry near ₹160–₹165 offers a controlled risk setup, while exits around ₹175–₹180 are advisable. Despite fair valuation and dividend yield, weak profitability and high leverage limit long-term attractiveness. Suitable only for cautious swing trades with strict stop-loss discipline.