Key Events This Week
29 Dec 2025: Stock opens at Rs.144.20, declines 0.48%
30 Dec 2025: Technical momentum shifts amid mixed indicators, stock falls 1.80%
31 Dec 2025: Intraday high surge of 7.49%, heavy value trading and institutional interest
1 Jan 2026: Technical momentum shifts to sideways with mixed signals, stock gains 0.99%
2 Jan 2026: Shift to mildly bullish momentum amid mixed technical signals, stock closes at Rs.151.35
29 December 2025: Modest Decline Amid Broader Market Weakness
MRPL opened the week at Rs.144.20 on 29 December 2025, closing down 0.48% from the previous Friday’s close of Rs.144.90. The stock’s decline was in line with the Sensex, which fell 0.41% to 37,140.23. Trading volume was moderate at 2,53,253 shares. The stock remained well above its 52-week low of Rs.98.95 but below its 52-week high of Rs.185.00, signalling consolidation after a volatile period.
30 December 2025: Technical Momentum Shifts Amid Mixed Indicators
On 30 December, MRPL’s price fell further to Rs.141.60, a 1.80% decline, as technical momentum shifted from mildly bullish to sideways. Key indicators such as the weekly MACD and RSI turned bearish, while daily moving averages remained mildly bullish, reflecting a complex technical landscape. The stock traded in a narrow range between Rs.143.60 and Rs.146.55, with volume dropping to 58,104 shares. The Sensex was nearly flat, down 0.01%, highlighting MRPL’s relative weakness.
31 December 2025: Intraday Surge and Heavy Institutional Interest
MRPL staged a remarkable recovery on 31 December, surging 7.49% to close at Rs.152.20. The stock hit an intraday high of Rs.158.50, buoyed by heavy trading volumes of 2,545,768 shares and a traded value of ₹514.07 crore. Institutional participation was strong, with delivery volumes rising 1.43% above the five-day average. The stock outperformed the Oil sector’s 2.61% gain and the Sensex’s 0.83% rise, signalling renewed investor interest despite a recent downgrade to a Sell rating by MarketsMOJO. Technical indicators showed the stock trading above its 5-day, 20-day, 100-day, and 200-day moving averages, though resistance remained near the 50-day average.
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1 January 2026: Technical Momentum Shifts to Sideways with Mixed Signals
Following the strong rally, MRPL’s price edged up 0.99% to Rs.153.70 on 1 January 2026. Technical momentum shifted from mildly bearish to a sideways trend, with mixed signals from MACD, RSI, and Bollinger Bands across weekly and monthly charts. The stock traded between Rs.142.05 and Rs.158.60, reflecting heightened volatility. Daily moving averages turned mildly bullish, supporting short-term strength, while weekly indicators remained cautious. The Sensex gained 0.14%, indicating a broadly positive market backdrop.
2 January 2026: Shift to Mildly Bullish Momentum Amid Mixed Technical Signals
On the final trading day of the week, MRPL closed at Rs.151.35, down 1.53% intraday but still ending the week with a 4.45% gain from the prior Friday. Technical momentum showed a subtle shift to mildly bullish, supported by daily moving averages and weekly Bollinger Bands. However, weekly MACD and RSI remained bearish, and volume indicators did not confirm strong buying interest. The stock traded within a range of Rs.150.00 to Rs.156.55, maintaining a consolidation phase with a slight upward bias. The Sensex rose 0.81%, closing at 37,799.57.
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Daily Price Comparison: MRPL vs Sensex (29 Dec 2025 – 2 Jan 2026)
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.144.20 | -0.48% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.141.60 | -1.80% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.152.20 | +7.49% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.153.70 | +0.99% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.151.35 | -1.53% | 37,799.57 | +0.81% |
Key Takeaways
Positive Signals: MRPL outperformed the Sensex with a weekly gain of 4.45% versus 1.35%, driven by a strong rebound on 31 December supported by heavy institutional buying and high traded value. The stock’s price remained above key short-term moving averages, indicating underlying support. Long-term returns remain robust, with three- and five-year gains exceeding 170% and 320% respectively, well ahead of the Sensex benchmarks.
Cautionary Signals: The downgrade to a Sell rating by MarketsMOJO reflects concerns over mixed technical momentum and elevated debt levels. Weekly MACD and RSI indicators remain bearish, and volume trends do not strongly confirm price advances. The stock’s recent volatility and sideways consolidation suggest uncertainty, with resistance near Rs.158 and support around Rs.142 critical for near-term direction.
Conclusion
Mangalore Refinery & Petrochemicals Ltd. experienced a week of mixed fortunes, ultimately closing with a solid 4.45% gain that outpaced the broader market. The sharp rally on 31 December, fuelled by institutional interest and heavy trading volumes, marked a key turning point after several days of decline. However, the technical landscape remains complex, with conflicting signals from momentum indicators and a recent downgrade to Sell underscoring the need for caution. Investors should monitor key support and resistance levels closely, alongside sectoral developments in the oil industry, to gauge MRPL’s next directional move. The stock’s strong long-term performance offers a foundation of confidence, but near-term volatility and mixed technical signals warrant a measured approach.
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