Mangalore Refinery And Petrochemicals Ltd - Bullish Mode

A subsidiary company of ONGC which is engaged in the refining of crude oil business. More than 80% promoter holdings with zero promoter pledge. Debt and debtor days have reduced. Eventhough the quarterly revenue and profit margin has declined , ROCE , ROA, Book value etc improving in last 2 years. FII's and DII's are increasing their shareholdings. Also stock is near 52 week high with significant volumes. Now it's tending to break it's 1 year long resistance trend line. If it surpass 100 levels then good movement can be expected.

Dev'S

Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .