Mangalore Refinery and Petrochemicals fell 4.48% to Rs 75.70 at 15:21 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 263.62 points or 0.94% at 28,196.52.
The stock dropped on heavy volumes. On BSE, so far 10.14 lakh shares were traded in the counter as against average daily volume of 2.50 lakh shares in the past one quarter.
The stock hit a high of Rs 78.30 and a low of Rs 75.50 so far during the day. The stock had hit a 52-week high of Rs 80.75 yesterday, 14 July 2015. The stock had hit a 52-week low of Rs 45.10 on 17 December 2014.
The stock had outperformed the market over the past one month till 14 July 2015, advancing 10.92% compared with Sensex's 5.71% rise. The scrip had also outperformed the market in past one quarter, surging 7.82% as against Sensex's 3.83% fall.
The large-cap refinery has equity capital of Rs 1752.60 crore. Face value per share is Rs 10.
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Shares of Mangalore Refinery and Petrochemicals (MRPL) had risen 8.41% in three trading sessions to settle at Rs 79.25 yesterday, 14 July 2015, from a recent low of Rs 73.10 on 9 July 2015.
MRPL's net profit rose 9.6% to Rs 1169.70 crore on 42% decline in net sales to Rs 11092.79 crore in Q4 March 2015 over Q4 March 2014.
MRPL is a subsidiary of ONGC with ONGC holding 71.63% stake in the firm (as per the shareholding pattern as on 30 June 2015).
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