Meanwhile, the BSE Sensex was up 19.89 points or 0.10% at 19,337.14
On BSE, 5,986 shares were traded in the counter as against average daily volume of 1.35 lakh shares in the past one quarter.
The stock hit a high of Rs 61.65 and a low of Rs 61 so far during the day. The stock had hit a 52-week high of Rs 74.75 on 15 February 2012. The stock had hit a 52-week low of Rs 49.55 on 27 July 2012.
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The stock had underperformed the market over the past one month till 14 December 2012, falling 4.01% compared with the Sensex's 3.75% rise. The scrip had also underperformed the market in past one quarter, declining 0.73% as against Sensex's 4.62% gain.
The large-cap company has equity capital of Rs 1752.60 crore. Face value per share is Rs 10.
Minister of Petroleum & Natural Gas Dr. M Veerappa Moily on Friday, 14 December 2012, said Mangalore Refinery and Petrochemicals (MRPL)'s refining capacity is envisaged to increase from 15 MMTPA to 18 MMTPA by 2016-17.
MRPL's net profit jumped 4811.4% to Rs 1185.11 crore on 40% growth in net sales to Rs 16310.05 crore in Q2 September 2012 over Q2 September 2011. MRPL reported a net foreign exchange gain of Rs 284 crore in Q2 September 2012, as against a net foreign exchange loss of Rs 352 crore in in Q2 September 2011.
MRPL's gross refining margin (GRM) surged sharply to $9.19 a barrel from $4.8 a barrel in Q2 September 2011. MRPL attributed the sharp surge in GRM to increased throughput and distillate yield, favourable movement of the rupee against the dollar and availability of higher cracks in the market for HSD, MS and ATF.
MRPL, located in Mangalore city, is a grass-root refinery and is a subsidiary of state-run ONGC. As on 30 September 2012, ONGC held 71.63% stake in the firm.
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