Mangalore Refinery and Petrochemicals share price plunges 7% despite strong Q2 results | What should investors do?
New Delhi, Oct. 15 -- Mangalore Refinery and Petrochemicals share price crashed over 7.42% in Thursday's trading session despite the company reported strong financial results for the September quarter FY27.
Mangalore Refinery and Petrochemicals shares opened at Rs.189.60 per share on NSE today, as compared to previous close of Rs.185.26 on Wednesday and touched an intraday low of Rs.171.20 on 15 October.
Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), posted a nearly threefold year-on-year jump in standalone net profit to Rs.1,881 crore in the second quarter of FY27, compared with Rs.639 crore in the corresponding quarter last year.
Revenue from operations increased 37.1% year-o...
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