Volume and Price Action Overview
On 4 February 2026, MRPL recorded a total traded volume of 1.54 crore shares, translating to a traded value of approximately ₹286.93 crores. This volume is significantly higher than the stock’s average daily turnover, underscoring heightened investor interest. The stock opened at ₹178.10 and surged to an intraday high of ₹190.67, marking a 6.34% gain from the day’s low of ₹176.90. The last traded price (LTP) stood at ₹187.00 as of 10:39 AM IST, reflecting a day change of +4.69% and a one-day return of 4.36%, well above the Oil Exploration/Refineries sector gain of 2.07% and the Sensex’s marginal 0.02% rise.
MRPL’s price momentum is supported by its trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – indicating a sustained bullish trend. The stock has also delivered a consecutive three-day gain, accumulating a total return of 14.94% over this period, signalling strong buying interest and positive market sentiment.
Sector Context and Market Capitalisation
The Oil sector, particularly Oil Exploration and Refining, has witnessed a steady uptick, with the sector index rising 2.07% on the day. MRPL’s outperformance by 2.26% relative to its sector peers highlights its relative strength. The company’s market capitalisation stands at ₹32,528 crores, categorising it as a small-cap stock with considerable liquidity and investor attention.
Accumulation and Distribution Signals
Despite the strong volume and price gains, delivery volumes have shown a contrasting trend. On 3 February 2026, the delivery volume was 30.14 lakh shares, which fell by 29.34% compared to the five-day average delivery volume. This decline in delivery volume suggests that while trading activity is high, a significant portion of the volume may be intraday or speculative rather than long-term accumulation.
However, the weighted average price indicates that more volume was traded closer to the day’s low price, which can be interpreted as accumulation by buyers at lower levels, supporting the stock’s upward trajectory. This pattern often precedes sustained rallies as institutional investors build positions without pushing prices excessively higher in the short term.
Just announced: This Small Cap from Tyres & Allied with precise target price is our pick for the week. Get the pre-market insights that informed this selection!
- - Just announced pick
- - Pre-market insights shared
- - Tyres & Allied weekly focus
Mojo Score Upgrade and Analyst Sentiment
MRPL’s recent upgrade from a Hold to a Buy rating by MarketsMOJO on 27 January 2026 reflects growing confidence in the stock’s fundamentals and technical outlook. The company’s Mojo Score stands at a robust 77.0, indicating strong quality and momentum factors. The Market Cap Grade is 3, suggesting moderate market capitalisation relative to peers, which may offer attractive growth potential for investors seeking exposure in the oil refining sector.
Liquidity and Trading Considerations
Liquidity remains a key factor for MRPL’s trading activity. Based on 2% of the five-day average traded value, the stock can comfortably accommodate trade sizes of up to ₹7.92 crores without significant price impact. This level of liquidity is favourable for institutional investors and traders looking to enter or exit sizeable positions efficiently.
Technical Outlook and Moving Averages
Technically, MRPL’s price action is supported by its position above all major moving averages, which act as dynamic support levels. The 5-day and 20-day moving averages have been trending upwards, confirming short-term bullish momentum. The 50-day, 100-day, and 200-day averages also maintain an upward slope, signalling a longer-term positive trend. This alignment of moving averages typically attracts momentum traders and reinforces confidence among long-term investors.
Comparative Performance and Market Position
Compared to the broader Sensex, which showed negligible movement on 4 February 2026, MRPL’s strong gains highlight its outperformance and sector leadership. The Oil sector’s moderate gains of 2.07% further accentuate MRPL’s relative strength, as it outpaced the sector by 2.26%. This performance is particularly notable given the recent volatility in global oil markets and refining margins.
Want to dive deeper on Mangalore Refinery & Petrochemicals Ltd.? There's a real-time research report diving right into the fundamentals, valuations, peer comparison, financials, technicals and much more!
- - Real-time research report
- - Complete fundamental analysis
- - Peer comparison included
Outlook and Investor Takeaways
MRPL’s exceptional volume surge combined with a strong price rally and technical strength suggests a favourable near-term outlook. The upgrade to a Buy rating and a high Mojo Score reinforce the stock’s appeal for investors seeking exposure to the oil refining sector’s recovery. While the dip in delivery volumes warrants monitoring, the overall accumulation signals and liquidity profile support continued interest from institutional and retail participants alike.
Investors should consider MRPL’s position relative to sector trends, global oil price movements, and refining margin developments. The stock’s ability to sustain above key moving averages and maintain volume support will be critical to confirming the durability of this rally. Given the current momentum and fundamental backdrop, MRPL remains a compelling candidate for inclusion in portfolios targeting growth in the energy space.
Risks and Considerations
Potential risks include volatility in crude oil prices, regulatory changes impacting refining operations, and fluctuations in global demand for petroleum products. Additionally, the recent decline in delivery volumes may indicate some short-term profit booking or speculative trading, which could introduce price swings. Investors should weigh these factors alongside the positive technical and fundamental signals before making allocation decisions.
Summary
In summary, Mangalore Refinery & Petrochemicals Ltd. has demonstrated strong market interest through exceptional trading volumes and price appreciation, supported by a recent upgrade in analyst ratings and a solid Mojo Score. The stock’s outperformance relative to its sector and the broader market, combined with favourable technical indicators, positions it well for further gains. However, investors should remain vigilant to volume patterns and sector dynamics to optimise entry and exit points.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
