MRPL STOCK RISE
Ahead of Market: 10 things that will decide stock action on Wednesday
Nifty soared to a new record high on Tuesday, forming a bullish pattern on the charts. After breaking through the 24,400 resistance level, the next target for the index could be 24,960. The momentum indicator showed bullish trade on the counters of BASF India, Kaynes Technology, Hindustan Aeronautics, Britannia Industries, and Colgate-Palmolive (India).
Ahead of Market: 10 things that will decide D-Street action on Monday
Nifty on Friday ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous three sessions, indicating weakness. The index is in the process of retracing the rise it has witnessed from 22,710 – 22,776.
Should you invest in PSUs now? Sanjiv Bhasin offers strategy amid corrections
“But the sheer dynamism is in the earnings. If I can give you some earnings, the energy basket, that is OMCs upstream-downstream, will report ₹2.5 lakh crore of profit in the next two years, which you can imagine is the highest ever in history.”
Technical Breakout Stocks: How to trade Quess Corp, CRISIL and MRPL on Tuesday
Sectorally, buying was seen in consumer durables, telecom, power, and FMCG stocks while metal, capital goods, and realty stocks saw some selling pressure.
Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 35 stocks were trading in the green, while 14 stocks were trading in the red.
What to do with SJVN, RVNL and 4 other stocks? Aamar Deo of Angel One decodes
Aamar Deo Singh of Angel One says investors need to be cautious with fresh investments due to unappealing risk-reward ratio in many stocks. Nifty and Bank Nifty are consolidating, while India VIX levels remain stable. With the results season over, all eyes are on the US FOMC meeting minutes, slated to be released later this week. Top gainers include MRPL, Natco Pharma, and Aegis Logistics.
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Technical Breakout Stocks: How to trade Oil India, Mangalore Refinery and HPCL on Friday
The S&P BSE Sensex rose more than 200 points to reclaim 72K while the Nifty50 closed above the 21,900 level.
Q3 results today: Coforge, MRPL, IIFL Securities among 42 companies to announce earnings
On Saturday, 40 companies announced their quarterly earnings including ICICI Bank, Kotak Mahindra Bank and IDBI Bank. Here are highlights of these results:
Ahead of Market: 10 things that will decide D-Street action on Friday
The 50-member Nifty index has now hit a record high in eight of the 10 sessions so far this month. Its 5.21% gain over this period is almost equal to the 5.52% increase over the whole of last month, which was its best since July 2022.
Momentum Pick: MRPL rallies 16% in 8 sessions. 4 reasons why stock could see 20-34% uptick from here
MRPL is a Miniratna company for which analysts expect an upside rally in near term. MRPL stock has been a consistent mover over the past 12 months, giving returns of 82% and outperforming the Nifty50, which has returned nearly 12% during the same time.
Ahead of Market: 10 things that will decide stock action on Monday
Global distress weighed on IT and pharma stocks which came under selling pressure. Nevertheless, the gains in infra, industrial, and capital goods stocks together with the continued buying in mid- and small-cap stocks contributed to the ongoing rally
Bleeding red! Vodafone Idea, Paytm among 10 highest loss-making companies in Q2
In the hope of getting multibagger returns, many new investors often place bets on loss-making companies that may stage a turnaround later on. Market experts, however, warn against such hope trades and suggest focusing on companies with high growth visibility.
Siddhartha Khemka hand picks Sun Pharma, Axis Bank which could give 14-20% return in a year
Excluding metals and O&G, Nifty posted a solid 25% earnings growth vs. expectations of 20%, fuelled by BFSI and autos. Along with metals and O&G, the cement sector also dragged 2QFY23 earnings
4 oil stocks that are good bets due to rising refining margins
Standalone refiners and those with limited exposure to marketing segment will benefit from elevated refining margins. However, OMCs will suffer as marketing losses will eat into refining gains.
These 8 stocks defied gravity to zoom over 50% in 2022
Abhishek Jadon, smallcase manager and vice president, Windmill Capital, said that uncertainties like interest rate hikes, war crisis, and rising crude oil prices impacted the markets, and they are likely to witness bouts of volatility until these issues subside.
Sensex rises! But these stocks fell 5% or more in Monday's session
In the Nifty pack, 26 stocks closed in the green, while 24 stocks ended in the red.
How higher GRMs helped MRPL rise over 30% in a week; Mohit Nigam explains
"MRPL has rallied more than 30% in the last week as it is getting benefits from the higher GRMs or gross refining margins which is due to favorable global refining scenario and the company is expected to report healthy earnings in the near term. The ongoing concerns over the supply of refined products and the switch from costly gas to oil led to a rise in Singapore's complex gross refining margin (GRM) to a multi-year high."
Market Movers: Surging refining margins take Chennai Petroleum, MRPL on a ride
The buying has come on the heels of rising refining margins. The benchmark Singapore gross refining margin (GRM) has jumped to a record high of $25.2/barrel, which bodes well for Indian refiners, said analysts.Management of some companies have guided for a bumper year ahead.
Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 31 stocks were trading in the green, while 19 stocks were trading in the red.
Record margins ignite rally in standalone oil refiners
GRMs is the amount that refiners earn from turning every barrel of crude oil into refined fuel products. The Asian benchmark touched new highs on the back of rising demand for refined products globally.
Sensex up but these BSE500 stocks fall up to 23% this week
Pain in the broader market was visible clearly in the advance-decline ratio of the BSE500 index where 341 of the 501 index stocks settled lower for the week. At least 24 stocks saw double digit cuts while only eight index stocks ended the week with double-digit gains.
Refining stocks on a roll amid hopes of higher GRMs
The Singapore GRM -- a gauge of regional gross refining margins -- rose to a multiyear high of $18 per barrel in April owing to supply disruption in Russia and lower export of petroleum products from China. It averaged at $8 per barrel in March and $5.9 per barrel one year ago.
Sensex rises! But these stocks fell 5% or more in Wednesday's session
In the Nifty pack, 37 stocks closed in the green, while 13 stocks ended in the red.
Sensex rises! These stocks rallied over 15% on BSE in today's trade
In the Nifty50 index, 37 stocks closed in the green, while 13 stocks ended in the red.
Sensex rises! These stocks gained over 10% on BSE
In the Nifty 50 index, 37 stocks ended in the green, while 13 stocks closed in the red in today's trade.
Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 37 stocks were trading in the green, while 13 stocks were trading in the red.
Ahead of Market: 12 things that will decide D-Street action on Wednesday
A move below the support of 16,800 levels could open the door down to lower 16,200-16,000 levels in the near term. Any pull back rally could find resistance around 17,100 levels.
Sell MRPL, target price Rs 43: Motilal Oswal
Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 9060.94 Crore) operating in Gas & Petroleum sector.
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