MRPL shares slide 7% after co slips to loss in Q1 on margin, revenue hit
Mangalore Refinery and Petrochemicals
(MRPL) fell over 7% on Monday to touch an intraday low of Rs 138.70 apiece on the BSE. This decline came in the wake of the company's first-quarter financial results for FY26, which showed a significant turnaround from profit to loss.
Last week, MRPL, a subsidiary of
ONGC
, reported a consolidated net loss of Rs 271 crore for Q1 FY26, compared to a net profit of Rs 73 crore in the same quarter last year.
Explore courses from Top Institutes in
Select a Course Category
Technology
Cybersecurity
healthcare
Project Management
Finance
Data Analytics
CXO
Digital Marketing
Data Science
Leadership
Others
Design Thinking
MCA
Artificial Intelligence
Data Science
Management
Product Management
PGDM
Degree
Healthcare
Operations Management
others
Public Policy
MBA
Skills you'll gain:
Duration:
12 Weeks
MIT xPRO
CERT-MIT XPRO Building AI Prod India
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Tinnitus? Do This Immediately!
Live Happier
Click Here
Revenue from operations for the June quarter fell to Rs 20,988 crore, down from Rs 27,289 crore recorded in Q1 FY25. Additionally, the company's Gross Refining Margin (GRM), a key indicator of profitability in the refining business, dropped to $3.88 per barrel from $4.70 per barrel year-on-year, highlighting the pressure on MRPL's core operations. Investors reacted negatively to the results, leading to a notable dip in the stock price on Monday.
Price and Technicals:
The stock has experienced significant volatility over the past year, hitting a 52-week high of Rs 230.25 and a low of Rs 98.95. Overall, the share price has declined by approximately 35% in the last 12 months, reflecting the challenges faced by the company and broader market conditions.
Live Events
From a technical standpoint, the daily Relative Strength Index (RSI) stands at 59.6. Typically, an RSI below 30 indicates that a stock is oversold and may be due for a rebound, while an RSI above 70 suggests it is overbought and could face selling pressure. At 59.6, MRPL's RSI signals neither extreme, indicating a neutral momentum.
Also read:
ICICI Bank shares surge 2% after Q1 profit rises 15% YoY to Rs 12,768 crore. Should you buy, sell, or hold?
Looking at moving averages, MRPL is currently trading below six out of eight Simple Moving Averages (SMAs), which is generally a bearish indicator. The stock is only above the 100-day and 150-day SMAs, while it remains below shorter-term averages such as the 5-day and longer-term averages like the 200-day SMA. This mixed pattern suggests some short-term weakness and pressure in the stock price despite a few longer-term support levels.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
Horoscope Today, August 13, 2025: Moon-Venus vibes could bring unexpected romance today
Start your day with clarity! Today's horoscope highlights the opportunities and challenges for each zodiac sign. Whether it's career, love, or personal growth, let the stars guide you. Take the advice, stay positive, and make the most of what the day brings. Aries Daily Horoscope Today , August 13, 2025 Take time today to reflect on your intentions for clarity. Understanding what you truly want will help you make better decisions in work and relationships. Avoid rushing into things without thinking. Your health will benefit if you practice calmness and breathe deeply. Financially, plan carefully and avoid impulsive spending. When your mind is clear, your path becomes bright and smooth. Cosmic Tip: Clear intentions lead to success. Lucky Number: 5 Lucky Colour: Red Taurus Daily Horoscope Today , August 13, 2025 Embrace vulnerability as a path to deeper connection today. Sharing your feelings honestly will strengthen your relationships at home and work. Do not fear showing your true self; it will bring you closer to others. Your health improves when you release stress and relax. Financially, be open to new ideas but stay practical. Let your heart guide you to meaningful bonds. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The 5 Books Warren Buffett Recommends You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo Cosmic Tip: Openness builds trust and love. Lucky Number: 6 Lucky Colour: Green Gemini Daily Horoscope Today, August 13, 2025 Stay grounded in the present moment today. Avoid worrying about the past or future; focus on what is happening now. Your work will be more productive when your mind is clear. Relationships improve if you listen fully and respond thoughtfully. Take care of your health by eating well and resting. Financially, avoid quick decisions and think carefully. Presence brings peace and strength. Cosmic Tip: Be present to find peace. Lucky Number: 3 Lucky Colour: Yellow Cancer Daily Horoscope Today, August 13, 2025 Your energy will attract positive opportunities today. Stay confident and open to new possibilities at work and in life. Relationships will benefit from your warm and caring nature. Take care of your health by staying active and calm. Financial matters look bright if you plan well. Trust that your positive spirit will guide you to success and happiness. Cosmic Tip: Positive energy invites new chances. Lucky Number: 2 Lucky Colour: Silver Leo Daily Horoscope Today, August 13, 2025 Listen closely to your inner voice today. It will guide you through important decisions in work and relationships. Trust your intuition even if things seem unclear. Taking time to reflect will bring clarity and peace. Your health improves when you stay calm and balanced. Financially, avoid impulsive moves and think carefully. When you honor your inner wisdom, success naturally follows. Cosmic Tip: Inner voice knows the true path. Lucky Number: 1 Lucky Colour: Orange Virgo Daily Horoscope Today, August 13, 2025 Celebrate the uniqueness of your journey today. Your efforts and experiences make you who you are, so be proud. At work, your special skills will shine if you stay confident. Relationships grow stronger when you appreciate yourself and others. Health improves with regular care and positive thoughts. Financial decisions require patience, but your steady approach will pay off. Embrace your path with joy. Cosmic Tip: Your journey is beautifully unique. Lucky Number: 5 Lucky Colour: Light Blue Libra Daily Horoscope Today, August 13, 2025 Let your creativity flow without judgment today. Expressing yourself freely will bring new ideas and joy in work and life. Don't worry about what others think; focus on your own happiness. Relationships improve when you share your true feelings. Health benefits from fun activities and rest. Financially, be open to new possibilities but stay practical. Your creative energy will attract success. Cosmic Tip: Creativity shines when freely expressed. Lucky Number: 7 Lucky Colour: Pink Scorpio Daily Horoscope Today, August 13, 2025 Focus on solutions rather than problems today. Challenges at work or in relationships may arise, but your calm approach will help you find answers. Avoid getting stuck in worries and take positive steps forward. Health improves with peaceful thoughts and regular habits. Financially, plan carefully and avoid risks. When you concentrate on fixing things, you will find success and happiness. Cosmic Tip: Solutions open doors to success. Lucky Number: 8 Lucky Colour: Deep Red Sagittarius Daily Horoscope Today, August 13, 2025 Your patience will be rewarded soon, so keep faith in yourself. Challenges at work or in relationships may test you, but steady effort and calm will bring success. Take care of your health by staying balanced and resting well. Financially, avoid hasty decisions and plan wisely. Trust that good things are coming your way; just stay patient and focused on your goals. Cosmic Tip: Patience always brings sweet rewards. Lucky Number: 4 Lucky Colour: Purple Capricorn Daily Horoscope Today, August 13, 2025 Take time for self-care and renewal today. Your busy schedule may have tired you, so rest and recharge your mind and body. Work will flow better when you feel fresh. Relationships improve if you spend quiet moments with loved ones. Financially, be careful with spending and think long term. Your well-being is the foundation for all success, so nurture yourself kindly. Cosmic Tip: Self-care fuels strength and clarity. Lucky Number: 2 Lucky Colour: Brown Aquarius Daily Horoscope Today, August 13, 2025 Your kindness will inspire others today. Small acts of care and understanding at work and home will brighten the day for those around you. Your positive attitude will improve relationships and ease challenges. Take care of your health by staying calm and eating well. Financial matters look steady if you avoid risks. Let your gentle heart guide your actions and spread happiness. Cosmic Tip: Kindness creates lasting positive impact. Lucky Number: 9 Lucky Colour: Sky Blue Pisces Daily Horoscope Today, August 13, 2025 Trust the process, even when it feels slow. Progress may not be quick, but steady effort is leading you to your goals. Be patient with work and relationships. Health improves with rest and gentle exercise. Financially, stay cautious but hopeful. Believe that every small step counts, and soon you will see the results you desire. Keep faith in your journey. Cosmic Tip: Trust growth happens in its time. Lucky Number: 7 Lucky Colour: Sea Green Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
Indian Express
24 minutes ago
- Indian Express
Penalty for securities market violations surged 11 times to Rs 813.83 cr in 2024-25: Sebi annual report
The total amount of penalty imposed by Securities and Exchange Board of India (SEBI) for violation of various market regulations surged 11 times to Rs 813.83 crore during 2024-25, compared to Rs 74.66 crore in the previous fiscal. While the amount of penalty increased substantially, the number of entities found violating different securities regulations declined 26 per cent to 463 in 2024-25, down from 629 in 2023-24, according to Sebi's Annual Report for 2024-25. The regulator saw the highest number violations under Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) category with 155 entities found flouting regulations. This was followed by 116 entities violating Listing Obligations and Disclosure Requirements (LODR) regulations. In 2024-25, direction of debarment was issued against 202 entities, both debarment and disgorgement directions were issued against 89 entities and only disgorgement direction was issued against 15 entities, the annual report showed. In its effort to unearth market misconduct, Sebi conducted search and seizure operations involving 89 entities at 71 locations covering 18 cities across the country. During the year, Sebi initiated investigations in 400 cases pertaining to various violations of securities laws and 301 cases were completed. Investigations were taken majorly for insider trading (287 cases) and market manipulation and price rigging (106 cases). Sebi said that it identified Rs 77,800.4 crore as 'difficult to recover' dues at the end of fiscal 2024-25, as against Rs 76,292.9 crore as on March 31, 2024. Sebi said it received 68,132 complaints through its online grievance redressal platform SCORES in 2024-25, with nearly 38 per cent against stock brokers. Of the 68,132 complaints received, 63,971 grievances were disposed of while 4,074 are still pending, the report showed. Further, Sebi Chairman Tuhin Kanta Pandey, in the annual report, said the regulator was looking at further simplifying the regulatory framework for foreign portfolio investors, with an aim to ensure long-term foreign capital flows into the domestic market. 'The priority of Sebi for the coming year is rationalizing and simplifying regulatory framework for foreign portfolio investors (FPIs) with the objective of enhancing the ease of operations and encouraging long-term foreign capital flows,' Pandey wrote in his statement in the annual report. He said the regulator will make efforts to streamline processes, remove regulatory frictions and strengthen engagement with FPIs and stakeholders. Foreign capital has played a vital role in the development of India's securities markets and contributed to sustained capital formation. Markets regulator has already undertaken a host of reforms to ease regulations for FPIs. Last week, Sebi had floated a consultation paper to improve ease of investments by simplifying onboarding and ongoing compliances for a specific set of Foreign Portfolio Investors (FPIs) like government-owned funds and certain regulated public retail funds – that are objectively verified as belonging to a low-risk category. In the coming year, Sebi has proposed to initiate a comprehensive exercise to rationalize and optimize existing regulations. 'To address this, the focus will be on identifying and removing regulatory redundancies, simplifying procedural requirements and leveraging technology to ease the compliance burden,' Pandey said.
Time of India
24 minutes ago
- Time of India
Nykaa reports 79% rise in Q1 net profit
Synopsis Nykaa's parent company, FSN E-Commerce, witnessed a substantial 79% surge in net profit, reaching Rs 24.47 crore in the fiscal first quarter, driven by a 23% revenue increase to Rs 2,155 crore. The beauty vertical's GMV grew by 26%, while the fashion vertical accelerated to 25% GMV growth. Nykaa is also set to acquire the remaining stake in Nudge Wellness.
