MRPL declines after posting disappointing Q1 numbers

Mangalore Refinery and Petrochemicals declined 3.4% to Rs 122.20 at 10:30 IST on BSE after the company reported 67% fall in net profit to Rs 234 crore on 25% rise in gross turnover to Rs 14491 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours on Friday, 21 July 2017. Meanwhile, the S&P BSE Sensex was up 174.67 points, or 0.55% at 32,203.56. High volumes were witnessed on the counter. On the BSE, 3.88 lakh shares were traded on the counter so far as against the average daily volumes of 2.87 lakh shares in the past one quarter. The stock had hit a high of Rs 123.80 and a low of Rs 117.90 so far during the day. The stock had hit a 52-week high of Rs 142.75 on 18 May 2017 and a 52-week low of Rs 74.40 on 12 August 2017. Financial Astrology Tips

The stock had underperformed the market over the past one month till 21 July 2017, gaining 1.98% compared with 2.38% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.26% as against Sensex's 9.07% rise. The scrip had, however, outperformed the market in past one year, gaining 58.32% as against Sensex's 15.58% rise. The large-cap company has equity capital of Rs 1,752.60 crore. Face value per share is Rs 10. Mangalore Refinery and Petrochemicals' (MRPL) increase in revenue was mainly on account of increase in the product prices in Q1 June 2017. The percentage of dispatches for export sales to total sales has decreased due to more domestic off take. The decrease in profit was on account of reduction in prices of crude oil and finished products, which has resulted in inventory loss of Rs 438 crore in Q1 June 2017, compared to inventory gain of Rs 859 crore in Q1 June 2016. Astrology and Numerology Trading Tips