Mangalore Refinery Shows Increased Trading Activity and Investor Interest Amid Strong Performance

Mangalore Refinery & Petrochemicals Ltd. (MRPL) has emerged as one of the most active equities today, showcasing significant trading volume and notable price movements. The stock recorded a total traded volume of 14,295,577 shares, with a total traded value of approximately Rs 215.56 crores. Opening at Rs 145.90, MRPL reached an intraday high of Rs 154.00, reflecting a 6.35% increase from its previous close of Rs 144.81. The last traded price stands at Rs 150.90.
In terms of performance, MRPL has outperformed its sector by 4.42% and has shown a consecutive gain over the last two days, accumulating returns of 8.92% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume on July 22 reached 204,500 shares, marking a 60.72% increase compared to the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 26,446.72 crores, MRPL continues to demonstrate robust liquidity, making it a significant player in the oil industry. Overall, the stock's performance today reflects a positive trajectory within the market context.