MRPL STOCK TARGET
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).
Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps
Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.
Sell Mangalore Refinery And Petrochemicals, target price Rs 175: Motilal Oswal
Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 40204.62 Crore) operating in Gas & Petroleum sector.
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.
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.
Pre-Budget rally? Not sure. 2 Adani stocks good for trading, not for investing: CA Rudramurthy BV
CA Rudramurthy BV, MD, Vachana Investments, says the Bank Nifty spot level of 45,600 and the Nifty level of 21,650 are crucial for determining the pre-budget rally. He is waiting for a close above these levels to confirm the market's upward movement. He advises being stock specific and waiting for opportunities to buy. He also shares his trading ideas, including a positive outlook on Thomas Cook and MRPL stocks.
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Sell Mangalore Refinery And Petrochemicals, target price Rs 135: Motilal Oswal
Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 28313.23 Crore) operating in Gas & Petroleum sector.
F&O stocks to buy today: RIL, Tata Steel among top 9 trading ideas for 16 November
Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19650 strikes.
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.
Breakout Stocks: How MRPL, Mahanagar Gas and Narayana Hrudayalaya are looking on charts for Thursday’s trade
Sectorally, buying was seen in IT and FMCG stocks while metal, public sector, realty, and power stocks saw some selling pressure
Breakout Stocks: How MRPL, Samvardhana Motherson and RBL Bank are looking on charts for Thursday
RBL Bank share price gains over 4% due to substantial growth in deposits and advances; MRPL gains 12% giving a handsome pole and flag breakout above Rs 81, forming a pattern that may see a target of Rs 92-93. Samvardhana Motherson International opens gap up, jumping 6%, but remains in the range of Rs 88 to Rs 94 throughout the day
Sectoral spotlight: Oil & gas likely to shed FY23 underperformance this fiscal; brokerages bet on IGL, BPCL
Despite weak performance in FY23, Indian oil and gas firms are expected to see revenue and margin growth in FY24 due to lower energy costs and a growing domestic consumer market, according to brokerage firms including Anand Rathi, Nuvama and Nirmal Bang. Firms such as GAIL, Gujarat Gas and Bharat Petroleum Corporation are among top picks. OMCs such as BPCL and IOCL also have strong dividend profiles and counter-cyclical prices, said Nuvama. However, fuel price reductions could pose a risk to earnings, as overall issues with crude prices continue to impact the sector.
Hot Stocks: Brokerage view on Indigo, ICICI Lombard, JB Pharma and Gujarat Gas
Top brokerage firms have released their recommendations on various companies. Morgan Stanley has given an overweight rating to InterGlobe Aviation, while Jefferies has initiated a buy rating on JB Pharma. Furthermore, CLSA has retained its buy rating on ICICI Lombard, and AnandRathi has given a buy rating to Gujarat Gas, alongside maintaining a hold rating for MRPL and Chennai Petro. The brokerage firms suggest market share, margin trends, predictable earnings profile, and sustainable growth as the key drivers for the recommended companies.
Stock Radar: Down over 50% from highs! Is MRPL a value pick at current levels?
Shares of Mangalore Refinery and Petrochemicals have dropped more than 50% from June 2022 highs but have recently seen a sharp rally in prices, indicating bullish sentiment. The stock has successfully climbed above the 50 and 200-DMA on the daily charts, and the Supertrend indicator also triggered a buy signal.
A Refinery breaking out of shackles as options appear for cement giant
The Price of this refinery has been consolidating in the broad range of Rs 64-Rs 49 since December. Recently, the price has bottomed out by forming similar lows in February and March. After moving in a narrow range, this month’s price has given a symmetrical triangle breakout. This breakout is supported by a rise in volume.
Buy Mangalore Refinery And Petrochemicals, target price Rs 57: HDFC Securities
Sustainable upside after formation of bullish candle-stick pattern. Bottom formation likely at Rs 49.75.
4 consumption & IT stocks to buy on dips: Hemang Jani
Valuation comfort is not present in midcap IT companies like Coforge, Persistent or Mphasis, and there is a possibility of business impact due to banks. However, in large IT names like TCS and Infosys, there is negative sentiment but the valuation comfort is good, with no risk to earnings guidance given by companies. Utilities are going up due to high dividend payout expectations and improvement in standalone refiners' profitability with the positive trend in GRM.
Yes Securities neutral on Oil And Natural Gas Corporation, target price: Rs 160
The consolidated Ebitda at Rs 218bn (+2% YoY; +58% QoQ), stood higher QoQ as HPCL’s & MRPL’s operating profit turned into black over 3QFY23, after operating losses in the previous quarter.
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
Analysts cut HPCL's earning and price targets
Shares of the state-owned oil and gas refining company closed at ₹203.65 apiece on the BSE, down 3.51% from the previous close. Analysts, on aggregate, have set a price target of ₹251.45 per share over the next 12 months compared with ₹270.14 earlier.
Buy Oil And Natural Gas Corporation, target price Rs 185: ICICI Securities
Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 173167.54 Crore) operating in Gas & Petroleum sector.
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.
Kotak Securities sees another 15% downside in MRPL, maintains 'sell' tag
The Ministry of Finance on Friday increased export duties on select petroleum products and announced an additional windfall tax on gains made by domestic refineries.
Big Movers on D-St: What should investors do with EID Parry, GSFC and MRPL?
Stocks that were in focus on Tuesday included EID Parry, which rallied more than 17 per cent, GSFC which also rose more than 17 per cent, and MRPL which surged by 10 per cent.
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.
Big Movers on D-St: What should investors do with MRPL, ICICI Lombard and GMM Pfaudler?
Stocks which were in focus include names like MRPL which rose nearly 9 per cent, ICICI Lombard fell over 4 per cent, and GMM Pfaudler was down by nearly 2 per cent on Wednesday.
Big Movers on D-Street: What should investors do with MRPL, Adani Wilmar and Coromandel International?
Here's what Amol Athawale, Deputy Vice President - Technical Research, Kotak Securities Ltd recommends investors should do with these stocks when the market resumes trading today:
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.
Neutral on 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 9227.43 Crore) operating in Gas & Petroleum sector.
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