Saturday, October 2, 2021

MRPL | Potential Outperformer


investment ,

Mangalore Refinery and Petrochemicals Limited

CMP 50.85

➽  Mangalore Refinery and Petrochemicals Limited manufactures and sells refined petroleum products in India. 

The company produces and sells hydrogen, liquefied petroleum gas, fuel gas, motor spirit, xylol, naphtha, SKO, high speed diesel, aviation turbine fuel, furnace oil, asphalt, CRMB, LSWR, sulphur, and pet coke, as well as bitumen, polypropylene, and other products. It operates 7 retail outlets. 

The company serves mining, construction, power, agriculture, fertilizer, and paint industries. It also exports its products. The company was incorporated in 1988 and is based in Mangalore, India. Mangalore Refinery and Petrochemicals Limited is a subsidiary of Oil and Natural Gas Corporation Limited.

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  Price Levels

Long position can be initiated for the potential upside level of 68 in short term and 92 in mid term. Prefer buy on dips strategy.

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