1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Mangalore Refinery and Petrochemicals Limited
  6. News
  7. Summary
    500109   INE103A01014

MANGALORE REFINERY AND PETROCHEMICALS LIMITED

(500109)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-08-11
75.15 INR   +4.59%
07/29Mangalore Refinery Swings to Profit in Fiscal Q1
MT
07/28Mangalore Refinery and Petrochemicals Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
CI
07/24Indian refiners' June crude processing stays robust, output slips
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares trim losses after Reliance, ONGC carnage

07/01/2022 | 06:36am EDT

BENGALURU, July 1 (Reuters) - Gains in consumer goods and financial stocks helped India's blue-chip share indexes recover sharply on Friday, after government export duties on oil products triggered a plunge in energy majors Reliance Industries and ONGC.

The NSE Nifty 50 index ended 0.18% lower at 15,752.05 on the first trading day of the second quarter and the S&P BSE Sensex slipped 0.21% to 52,907.93, after falling up to 1.7% each earlier in the session.

The indexes, which on Thursday capped their worst quarter since the early days of the COVID-19 pandemic, managed to close the week marginally higher after last-hour buying in FMCG and financial stocks.

India introduced export duties for gasoil, gasoline and jet fuel to help maintain domestic supplies, and imposed a windfall tax on oil producers that have benefited from higher global crude oil prices, sending energy stocks into a spiral.

The measures "highlight the tightening energy market outlook," Morgan Stanley wrote in a note, adding the announcement was incrementally negative for sector valuations.

Morgan Stanley said ONGC would be most negatively impacted, while Reliance could manage the changes better.

Reliance, India's most valuable company, shed around $16 billion in market value as its stock plunged 7.2%, marking its worst day since November 2020.

The Nifty Energy index fell 3.9%.

State-owned oil producer ONGC plummeted 13.5% - its biggest slide since pandemic-wrecked March 23, 2020. Oil India slid 15%, while Mangalore Refinery and Petrochemical slumped 10%.

Meanwhile, the Nifty FMCG index jumped 2.8% on its best day since mid-March, helped in part by a slump in palm oil prices.

Non bank lenders Bajaj Finance and Bajaj Finserv climbed 4% and 3.6%, respectively, leading the recovery in the Nifty.

The rupee hit a record closing low of 79.05 against the dollar, versus Thursday's close of 78.97. (Reporting by Chris Thomas in Bengaluru; editing by Uttaresh.V and Krishna Chandra Eluri)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ FINANCE LIMITED -0.10% 7308.8 End-of-day quote.4.76%
BAJAJ FINSERV LIMITED 0.18% 15765.45 Delayed Quote.-3.91%
LONDON BRENT OIL -0.11% 97.42 Delayed Quote.27.42%
MANGALORE REFINERY AND PETROCHEMICALS LIMITED 4.59% 75.15 End-of-day quote.74.16%
MORGAN STANLEY 1.62% 91.66 Delayed Quote.-6.62%
NIFTY 50 0.22% 17698.15 Delayed Quote.1.98%
OIL AND NATURAL GAS CORPORATION LIMITED 4.82% 139.2 Delayed Quote.-2.25%
OIL INDIA LIMITED 1.28% 190.35 Delayed Quote.-4.30%
RELIANCE INDUSTRIES LTD 1.62% 2633 Delayed Quote.11.18%
S&P GSCI GAS OIL INDEX -0.70% 949.6515 Real-time Quote.54.86%
SENSEX BSE30 0.22% 59462.78 Real-time Quote.2.08%
WTI -0.18% 91.426 Delayed Quote.24.73%
All news about MANGALORE REFINERY AND PETROCHEMICALS LIMITED
07/29Mangalore Refinery Swings to Profit in Fiscal Q1
MT
07/28Mangalore Refinery and Petrochemicals Limited Reports Earnings Results for the First Qu..
CI
07/24Indian refiners' June crude processing stays robust, output slips
RE
07/15Mangalore Refinery and Petrochemicals Limited Appoints Pomila Jaspal as Director
CI
07/12Mangalore Refinery and Petrochemicals Limited Announces Cessation of R T Agarwal as Ind..
CI
07/01Indian shares trim losses after Reliance, ONGC carnage
RE
07/01Indian shares slide as Reliance, ONGC crash on fuel export duties
RE
07/01India imposes windfall tax on oil producers, fuel exporters
RE
07/01Indian shares slump as Reliance, ONGC crash on fuel export tax hikes
RE
07/01India restricts gasoline, gasoil exports to meet local demand
RE
More news
Financials
Sales 2023 1 083 B 13 599 M 13 599 M
Net income 2023 58 100 M 730 M 730 M
Net Debt 2023 - - -
P/E ratio 2023 4,70x
Yield 2023 3,06%
Capitalization 132 B 1 654 M 1 654 M
Capi. / Sales 2023 0,12x
Capi. / Sales 2024 0,14x
Nbr of Employees 2 100
Free-Float 10,4%
Chart MANGALORE REFINERY AND PETROCHEMICALS LIMITED
Duration : Period :
Mangalore Refinery and Petrochemicals Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MANGALORE REFINERY AND PETROCHEMICALS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 75,15
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Venkatesh Madhava Rao Chief Executive Officer, MD & Executive Director
Alka Mittal Chairman
B. Kalavala Shyam Kumar Secretary & Compliance Officer
Rajkumar Sharma Independent Non-Executive Director
Nivedida Subramanian Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
MANGALORE REFINERY AND PETROCHEMICALS LIMITED74.16%1 654