Price Movement and Market Context
MRPL’s current market price stands at ₹153.20, marking a modest increase of 0.66% from the previous close of ₹152.20. The stock traded within a range of ₹150.00 to ₹156.55 during the latest session, remaining well below its 52-week high of ₹185.00 but comfortably above the 52-week low of ₹98.95. This price action reflects a cautious optimism among market participants, supported by a mild bullish trend in daily moving averages.
Comparatively, MRPL has outperformed the Sensex over the short term, delivering a 4.75% return over the past week against the Sensex’s decline of 0.26%. However, the stock’s one-month return of -5.34% slightly underperforms the Sensex’s -0.53%, indicating some volatility and profit-taking in recent weeks. Over longer horizons, MRPL’s returns remain impressive, with a three-year gain of 173.08% far exceeding the Sensex’s 40.02%, and a five-year return of 326.15% compared to the benchmark’s 77.96%. This long-term outperformance underscores the company’s growth trajectory within the oil sector.
Technical Indicators: A Mixed Bag
The technical landscape for MRPL is nuanced, with several key indicators offering divergent signals. On the weekly chart, the Moving Average Convergence Divergence (MACD) remains mildly bearish, suggesting some underlying selling pressure. Conversely, the monthly MACD has turned bullish, indicating that the longer-term momentum is positive and may support further gains if sustained.
The Relative Strength Index (RSI) on the weekly timeframe is bearish, signalling that the stock may be experiencing short-term weakness or is approaching oversold conditions. However, the monthly RSI does not currently provide a definitive signal, reflecting a neutral stance over the longer term.
Bollinger Bands on the weekly chart have shifted to a bullish configuration, with price action moving towards the upper band, which often precedes upward momentum. In contrast, the monthly Bollinger Bands remain sideways, indicating consolidation and a lack of decisive trend direction over the medium term.
Rising fast and still accelerating! This Small Cap from FMCG sector is riding pure momentum right now. Jump in before the rally reaches its peak!
- - Accelerating price action
- - Pure momentum play
- - Pre-peak entry opportunity
Moving Averages and Trend Analysis
Daily moving averages for MRPL have turned mildly bullish, signalling a potential shift in short-term momentum. This is corroborated by the weekly Know Sure Thing (KST) indicator, which is bullish, suggesting that momentum is building on a weekly basis. However, the monthly KST remains mildly bearish, indicating that the longer-term momentum has yet to fully confirm an uptrend.
Dow Theory assessments add further complexity: the weekly trend is mildly bearish, reflecting some caution among traders, while the monthly trend shows no clear direction. On-Balance Volume (OBV) indicators on both weekly and monthly charts show no discernible trend, implying that volume is not strongly supporting either buying or selling pressure at present.
Mojo Score and Grade Revision
MarketsMOJO’s proprietary scoring system assigns MRPL a Mojo Score of 48.0, categorising it as a Sell with a recent downgrade from Hold on 30 December 2025. The Market Cap Grade stands at 3, reflecting a mid-tier valuation relative to peers. This downgrade signals a cautious stance from the rating agency, likely influenced by the mixed technical signals and recent price volatility.
Investors should weigh this downgrade against MRPL’s strong long-term returns and the current mild bullish momentum in daily and weekly indicators. The divergence between short-term bearishness and longer-term bullishness suggests that the stock may be in a transitional phase, requiring close monitoring for confirmation of trend direction.
Comparative Performance and Sector Outlook
Within the oil sector, MRPL’s performance remains notable. Its 10-year return of 122.35% trails the Sensex’s 225.63%, reflecting sector-specific challenges and cyclical pressures. Nonetheless, the company’s ability to outperform the benchmark over three and five years highlights its resilience and growth potential.
Sector dynamics, including global oil price fluctuations and refining margins, will continue to influence MRPL’s trajectory. The current technical signals suggest that while short-term caution is warranted, the stock retains upside potential if broader market conditions improve.
Holding Mangalore Refinery & Petrochemicals Ltd. from Oil? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Investor Takeaway
MRPL’s technical indicators present a nuanced picture. The mildly bullish daily moving averages and weekly KST suggest emerging upward momentum, yet the weekly MACD and RSI caution against over-optimism in the short term. The monthly indicators, including a bullish MACD but sideways Bollinger Bands and a mildly bearish KST, imply that the stock is consolidating and may require a catalyst to break decisively higher.
Given the recent downgrade to a Sell rating by MarketsMOJO, investors should approach MRPL with prudence, balancing its strong historical returns against current technical uncertainties. Monitoring volume trends and confirmation from monthly indicators will be crucial in assessing whether the mild bullish momentum can be sustained.
Overall, MRPL remains a stock with significant long-term growth credentials but currently faces a period of technical consolidation and mixed momentum signals. Investors with a medium to long-term horizon may consider accumulating on confirmed strength, while short-term traders should remain alert to potential volatility and trend reversals.
Summary of Key Technical Signals:
- Daily Moving Averages: Mildly Bullish
- Weekly MACD: Mildly Bearish
- Monthly MACD: Bullish
- Weekly RSI: Bearish
- Monthly RSI: Neutral
- Weekly Bollinger Bands: Bullish
- Monthly Bollinger Bands: Sideways
- Weekly KST: Bullish
- Monthly KST: Mildly Bearish
- Dow Theory Weekly: Mildly Bearish
- Dow Theory Monthly: No Trend
- OBV Weekly & Monthly: No Trend
Investors should continue to track these indicators closely, particularly the monthly MACD and KST, for signs of a sustained trend shift. The interplay of these technical factors will be critical in determining MRPL’s near-term price trajectory within the volatile oil sector environment.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Saving Now →
