Hidden gem below Rs 100: Multibagger stock soars whopping 13 per cent!
The stock has exceptional multibagger returns of 144 per cent over the last three years
On July 05, 2023, the shares of Mangalore Refinery & Petrochemicals Limited (MRPL) soared 13.08 per cent, the stock hits fresh 52-week high of Rs 89.40 per share on BSE. The scrip witnessed massive spurt in volume by more than 3.03 times.
At present, the overall market sentiment shows a slight decline in both the Sensex and Nifty. Despite this, Mangalore Refinery & Petrochemicals Limited (MRPL) stirs market sentiments with significant surge in its share prices.
The key highlights of Q4FY23:
1) Total revenue stood at Rs 25,401 crore in Q4FY23, witnessing a surge of 2.36 per cent YoY basis as compared to Q4FY22.
2) The operating profit for Q4FY23 is at Rs 3,490 crore, surge of 18.66 per cent on YoY basis as compared to Q4FY22.
3) Net profit of Rs 1,908 crore for Q4FY23 is down by 36.56 per cent on YoY basis, compared to Q4FY22.
The key highlights for FY23:
1) Total revenue of Rs 108,856 crore, zoomed by 56.11 per cent on YoY basis, over FY22.
2) The operating profit stood at Rs 6,497 crore, an increase of 31.44 per cent on YoY basis as compared to FY22.
3) Net profit recorded at Rs 2,638 crore, dipped 10.72 per cent on YoY basis from FY22.
The AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL) formed Mangalore Refinery & Petrochemicals Limited (MRPL) as a joint venture (JV). It is now owned by Oil & Natural Gas Corporation (ONGC). The corporation is primarily involved in the refining of crude oil, the petrochemical industry, the trading of aviation fuels, and the distribution of petroleum products through retail shops and transportation hubs.
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The company has attracted significant buying interest due to its outstanding returns of over 16 per cent in the past year, and it has achieved exceptional multibagger returns of 144 per cent over the last three years, further solidifying its position and trust among investors.