On March 21st, 2025, Mangalore Refinery and Petrochemicals Limited, which has seen a prompt rise in stock prices, closed at INR 135.53, a 14.97% increase. Many factors drive the MRPL company's success, which helped the company to rise in the market.
Acquisition in MSEZ
On March 20th, 2025, the MRPL council approved buying 1.34 crore shares in MSEZ from IL&FS for INR 65 crore. MRPL's stake was raised in MSEZ. This helped the company strengthen its infrastructure. All these factors boost investor confidence which shows MRPL's focus on growth.
Positive Analyst Reviews
About the future of MRPL, the financial experts are also optimistic. The Prabhudas Lilladher is a known financial firm. This gave a hold of advice on MRPL stock with a target price of INR137.80. And this shows the confidence in the company's long-term growth.
Stability in Financial Performance
MRPL reported a net profit of INR 309 crore, for the ending quarter of December 2024, a 21.11% drop from the previous year. The company's ability to stay profitable even in tough economic times also earned positive feedback from investors.
Growth in Retail fuel Outlets
This growing retail fuel business under the HiQ brand, operates the 101 outlets across the Polypropylene and Naphtha. So this wide product range helps the company meet the different market needs and also reduce their dependence on one product.
Also, check - Polycab Stock Down 6.53% – What’s Behind the Drop
Conclusion
In Conclusion, MRPL Stock's rising stock price is the result of strong financial performance, acquisitions, and many other factors. These factors are boosting investor confidence and positioning MRPL for further growth in the competitive petroleum industry.
