Mangalore Refinery and Petrochemicals fell 6.33% to Rs 59.90 at 15:09 IST on BSE on profit booking after the stock jumped 25.15% in the preceding four trading sessions to Rs 63.95 on 23 April 2014, from a recent low of Rs 51.10 on 16 April 2014.
Meanwhile, the BSE Sensex was down 179.62 points, or 0.79%, to 22,696.92.
On BSE, so far 4.98 lakh shares were traded in the counter, compared with an average volume of 1.01 lakh shares in the past one quarter.
The stock hit a high of Rs 63.95 and a low of Rs 59.40 so far during the day. The stock hit a 52-week high of Rs 65.70 on 23 April 2014. The stock hit a 52-week low of Rs 26.45 on 16 August 2013.
The stock had outperformed the market over the past one month till 23 April 2014, rising 52.26% compared with the Sensex's 5.15% rise. The scrip had also outperformed the market in past one quarter, rising 46.84% as against Sensex's 7.03% rise.
The large-cap company has an equity capital of Rs 1752.60 crore. Face value per share is Rs 10.
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Mangalore Refinery and Petrochemicals (MRPL) reported net loss of Rs 247.68 crore in Q3 December 2013 as against net loss of Rs 359.58 crore in Q3 December 2012. Net sales rose 3.68% to Rs 18654.73 crore in Q3 December 2013 over Q3 December 2012.
MRPL, located in Mangalore city, is a grass-root refinery and is a subsidiary of state-run ONGC. ONGC holds 71.63% stake in MRPL (as per the shareholding pattern as on 31 March 2014).
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