Mangalore Refinery and Petrochemicals share price plunges 7% despite strong Q2 results | What should investors do?
Mangalore Refinery is in focus in a quarterly results development with 15 October in focus.
· LiveMint Markets
Mangalore Refinery and Petrochemicals shares opened at ₹189.60 per share on NSE today, as compared to previous close of ₹185.26 on Wednesday and touched an intraday low of ₹171.20 on 15 October.
Key facts
- Dates in focus
- 15 October
The analysis
Mangalore Refinery reported ₹189.60, ₹185.26 and ₹171.20, with movement of 7% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.1% on the day at ₹173.15, and has returned +3.8% over three months. It sits 16% below its 52-week high. The oil & energy sector has moved -5.7% over the same period, so Mangalore Refinery is running 9.5 points ahead of its peers.
For Mangalore Refinery, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Mangalore Refinery (MRPL), in Oil & Energy.
- Over three months: Mangalore Refinery +3.8% against Oil & Energy -5.7% (9.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Mangalore RefineryMRPL · Oil & Energy | ₹173.15 | -0.1% | +2.3% | +3.8% | -16.3% | 0.3× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Mangalore Refinery
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
IGL Q2 result: Net profit plunges 93.5% to ₹24 crore on higher gas costs
Mukesh Ambani stocks: Reliance Industries vs Jio Platforms shares compared - RIL or JPL? What to buy? Experts' views
Gail's net profit zooms two-fold to ₹4,724 crore on robust volumes
Powered by fuel earnings, Reliance Industries tops Sep quarter estimates
Reliance Retail Q2 profit falls 24.3%, revenue rises 5.8% to ₹80,220 cr