Shares of Mangalore Refinery & Petrochemicals (MRPL) hit over three-year high of Rs 65.45, after it rallied 13 per cent on the BSE in Wednesday’s trade, on the back of heavy volumes. The stock of state-owned refineries & marketing company surged 24 per cent in the past two trading days. Earlier, the stock quoted its highest level in March 2019.
In the past 12 trading days, the market price of MRPL has zoomed 58 per cent so far in April, as compared to 2.7 per cent decline in the S&P BSE Sensex. The trading volumes on the counter jumped nearly three-fold as around 49 million shares changed hands on the NSE and BSE.
