• Stock declines 6.92% to ₹173.48 after results
  • Net profit at ₹11,699.00 lakh; income at ₹28,55,224.00 lakh
  • RSI weakens near 42.82, indicating fading momentum

Overview

Mangalore Refinery and Petrochemicals Limited (NSE: MRPL) fell to ₹173.48, down 6.92%, as the stock came under pressure following its Q4 FY26 results. The decline reflects cautious sentiment despite strong topline performance, with price action turning softer in the near term.

The stock has pulled back from recent highs and is now trading below key short-term levels, indicating a pause in the earlier upward move.

Fundamental View

For the quarter ended March 2026, the company reported total income of ₹28,55,224.00 lakh. Profit before tax stood at ₹1,23,550.00 lakh, while net profit came in at ₹11,699.00 lakh. Earnings per share was ₹0.67.

While revenue remains robust, margin pressures and refining spreads often play a key role in influencing profitability in the sector. The current price reaction suggests that earnings may not have fully met market expectations on profitability or outlook.

Sector dynamics such as crude price volatility and refining margins remain key variables going forward.

Technical View

Technically, MRPL is trading near ₹173.48 and has slipped below its 21-day SMA around ₹179.96, indicating weakening short-term structure.

The stock has formed a bearish candle after attempting a recovery, suggesting rejection at higher levels. Price action reflects a shift toward consolidation with downside bias.

Momentum indicators are also softening. The 14-day RSI is around 42.82 and trending below its signal line, indicating fading momentum and lack of immediate strength.

Overall, the structure suggests that the stock may continue to consolidate unless it regains key levels.

Key Technical Levels

Immediate support is placed at ₹160.00–₹150.00, which may act as a demand zone if weakness continues.

On the upside, resistance is seen at ₹188.00–₹200.00, where recovery attempts could face pressure.

Source: TradingView

Risks To Watch

• Weak refining margins impacting earnings outlook
  • Sustained move below short-term averages
  • Volatility in crude oil prices
  • Lack of momentum recovery

Summary

Mangalore Refinery and Petrochemicals Limited has come under pressure after its Q4 results, with technical indicators reflecting a softer near-term structure.

The stock is currently in a corrective phase, with momentum weakening. Holding above ₹160.00 will be important to avoid further downside, while a move above ₹188.00–₹200.00 is needed to improve the outlook.

FAQs

Why did MRPL stock fall?
The stock declined after earnings, reflecting cautious sentiment around profitability.

Is the trend weakening?
Yes, the stock is below its short-term average with soft momentum.

What levels should be tracked?
Support lies at ₹160.00–₹150.00, while resistance is at ₹188.00–₹200.00.