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MRPL moves up the charts on margin, inventory cheer

MRPL moves up the charts on margin, inventory cheer

Wednesday, April 19, 2017, 11:16 AM

The stock of Mangalore Refinery and Petrochemicals (MRPL), a subsidiary of ONGC, has gained 19% in a month on expectations of superior gross refining margin (GRM) for the March quarter compared with the regional benchmark. In addition, it is likely to report lower inventory loss arising from quarterly fall in crude oil prices.
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