MRPL

: Fueling a Comeback✅🚀

✅Price Action: After a 61% fall from its July 2024 swing high, MRPL found support at ₹99–108 in March 2025. The stock has since rallied ~30%, now trading around ₹137. Fibonacci resistance lies at ₹143–147 (0.382 retracement). Volume is rising and daily RSI is at 55 — signaling further strength. A breakout above ₹148 could open targets at ₹154.50 and ₹162.50. ✅Fundamental Highlights: Q3 FY25 Results: Revenue: ₹23,480 Cr (up 11% YoY) Net Profit: ₹590 Cr (vs ₹480 Cr YoY — growth of ~23%) EBITDA margins improved due to better refining spreads. Past 3 Years YoY: FY22: Turnaround profit after COVID losses. FY23: Strong GRMs (Gross Refining Margins) boosted profitability. FY24: Stable operations but squeezed margins due to global volatility. ✅Future Prospects: Focus on petrochemical expansion and higher-value products to drive margins. Diversifying into biofuels and green energy segments for future growth. Beneficiary of rising domestic oil demand and strategic location advantage (proximity to port). ✅Challenges Ahead: High dependency on volatile crude prices and GRMs Government regulations on fuel pricing could impact margins. Global economic slowdown risk affecting demand. ✅Internal Governance Updates: Recent management commentary focused on operational efficiency and expansion. Parent company ONGC has reaffirmed strategic support for MRPL’s future projects. No major governance red flags; board remains stable and professional. What are your thoughts? Comment Below.