Mangalore Refinery & Petrochemicals Ltd. Hits Intraday High with 7.9% Surge

Intraday Performance and Price Movement

MRPL demonstrated a strong intraday rally, touching a high of Rs 176.95, which represents an 8.36% gain from its previous close. The stock closed the day with a 7.9% increase, significantly outperforming the Oil Exploration and Refinery sector, which gained 2.37% on the same day. This surge also eclipsed the Sensex’s 0.91% rise, with MRPL’s one-day performance at 8.14% compared to the Sensex’s 1.09%.

The stock’s upward movement marks a reversal after two consecutive days of decline, signalling renewed strength in trading activity. MRPL remains close to its 52-week high, trading just 4.96% below the peak of Rs 185, underscoring its resilience in the current market environment.

Technical Indicators and Moving Averages

MRPL is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests sustained upward momentum and a positive trend across multiple timeframes. The stock’s ability to maintain levels above these averages is often viewed as a sign of strength in price action.

In contrast, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a mixed but cautiously optimistic market backdrop. Mega-cap stocks led the broader market rally, contributing to the Sensex’s recovery from an initial negative opening.

Sector and Market Context

The Oil sector, particularly the Oil Exploration and Refinery segment, gained 2.37% on the day, supported by broader market strength. MRPL’s outperformance by nearly 6 percentage points relative to its sector highlights its distinct trading momentum. The Sensex opened 167.26 points lower but rebounded sharply by 904.47 points to close at 81,460.15, reflecting a volatile but ultimately positive trading session.

Performance Trends Over Various Timeframes

MRPL’s recent performance has been notably strong across multiple periods. Over the past week, the stock gained 13.68%, vastly outperforming the Sensex’s marginal 0.08% increase. The one-month gain stands at 16.68%, contrasting with the Sensex’s 4.85% decline. Over three months, MRPL rose 6.10% while the Sensex fell 2.78%.

Year-to-date, MRPL has advanced 16.03%, whereas the Sensex has declined 4.24%. The stock’s one-year performance is particularly impressive, with a 37.70% gain compared to the Sensex’s 5.29%. Over longer horizons, MRPL has delivered substantial returns, including a 222.26% increase over three years and a 417.13% rise over five years, both significantly outpacing the Sensex’s respective 36.16% and 63.87% gains.

Mojo Score and Rating Update

MRPL holds a Mojo Score of 70.0, reflecting a positive outlook based on a comprehensive assessment of financial and market factors. The company’s Mojo Grade was upgraded from Hold to Buy on 27 Jan 2026, signalling improved confidence in its valuation and performance metrics. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation within its peer group.

This upgrade aligns with the stock’s recent price strength and technical indicators, reinforcing its current momentum in the oil sector.

Trading Activity and Market Sentiment

Trading volumes and price action indicate strong demand for MRPL shares during the session. The stock’s ability to outperform both its sector and the broader market suggests focused buying interest and a favourable technical setup. The reversal after two days of decline further emphasises a shift in momentum, with the stock breaking above key resistance levels.

MRPL’s proximity to its 52-week high, combined with its position above all major moving averages, reflects a robust technical profile. This has contributed to its outperformance relative to the Sensex and the oil sector, which itself has shown moderate gains.

Summary of Market Conditions

The broader market environment on 2 Feb 2026 was characterised by a sharp recovery in the Sensex after an initial negative opening. The index rebounded by 904.47 points to close at 81,460.15, a 0.91% gain. Mega-cap stocks led this recovery, while the oil sector also participated with a 2.37% rise. MRPL’s 7.9% gain and intraday high of Rs 176.95 stand out as a significant outperformer within this context.

Overall, MRPL’s strong intraday performance reflects a combination of positive technical signals, sectoral strength, and market-wide recovery, positioning it as a notable stock in today’s trading session.

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