NSE: MRPL · 26 October 2026
- Mangalore Refinery & Petrochemicals has risen 10.17% over 2 trading sessions; today's move is +12.55%.
- MRPL announced the incorporation of ONGC Petrochemicals Marketing Limited (OPML) on October 7, 2026, as a public limited company in partnership with ONGC and OPaL. MRPL holds a 25% equity stake in the joint venture, committing ₹12.50 crore through a cash subscription of 1.25 crore equity shares at face value. The entity will handle integrated marketing, branding, distribution, and logistics for petrochemicals and kindred products across the ONGC group.
- Trading volume was 8.11 times the 20-day average daily volume.
Mangalore Refinery & Petrochemicals share price: 10.17% rise over 2 trading sessions
Mangalore Refinery & Petrochemicals Ltd. (MRPL) shares surged 12.55% today, closing at ₹182.61. The stock moved within a wide intraday range, touching a day's low of ₹159.00 and reaching a day's high of ₹185.00.
The broader market and sector environment provided a supportive backdrop for the stock's outperformance. The benchmark Nifty rose by 0.68%, while the Nifty Energy sector advanced by 1.46%. MRPL outperformed both the broader index and its sectoral gauge significantly, building on a positive 5-day return of 5.85% and a 20-day return of 11.14%, recovering from prior session losses of -2.22% and -3.15% recorded over the preceding two trading days.
While no single same-day announcement was issued by the company to directly trigger today's price spike, the move follows recent corporate developments, including the incorporation of ONGC Petrochemicals Marketing Limited (OPML) as a joint venture on October 7, 2026, and a robust set of financial results reported for the quarter ended September 30, 2026. These updates, alongside recent operational highlights such as obtaining ISCC CORSIA certification for Sustainable Aviation Fuel handling at its Bengaluru terminal, have shaped investor sentiment over recent weeks.
11.40 crore shares traded by 26 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.41 crore shares (8.11 times). The five-day average daily volume was 83.84 lakh shares. Separately, the NSE report for 26 October 2026 showed 1.00 crore shares delivered, representing 8.79% of that day’s traded volume. The same report recorded 616,021 trades.
The sharp 12.55% rally occurred alongside heavy trading volume at 8.11 times the 20-day average, significantly outpacing the Nifty Energy sector benchmark. While no isolated same-day catalyst was disclosed, the price action aligns with ongoing positive sentiment from recent robust quarterly earnings, dividend announcements, and joint venture formations.
Latest Company Developments
MRPL announced the incorporation of ONGC Petrochemicals Marketing Limited (OPML) on October 7, 2026, as a public limited company in partnership with ONGC and OPaL. MRPL holds a 25% equity stake in the joint venture, committing ₹12.50 crore through a cash subscription of 1.25 crore equity shares at face value. The entity will handle integrated marketing, branding, distribution, and logistics for petrochemicals and kindred products across the ONGC group.
Establishes a unified commercial platform for the company's expanding petrochemical product slate.
The board approved standalone and consolidated financial results for the quarter and half year ended September 30, 2026, posting a standalone revenue from operations of ₹35,590.40 crore and a net profit of ₹1,880.89 crore. Alongside the earnings report, the board declared an interim dividend of ₹3 per equity share (30%) for the financial year 2026-27, with October 21, 2026, fixed as the record date.
Demonstrates strong quarterly profitability and provides direct cash returns to eligible shareholders.
MRPL provided further updates regarding the fire incident at the Coker Hydrotreater Unit (CHT) located in Phase II of its Mangaluru refinery complex. The company provisionally estimated the financial impact at ₹118.76 crore as an exceptional item, covering the carrying value of damaged property, plant, and equipment, inventory losses, and incidental expenses, while noting that affected assets are adequately insured.
Quantifies the initial financial and operational impact of the plant incident while confirming insurance coverage.
a press release dated October 14, 2026, titled "Press Release of Board Meeting for the Quarter and Half year ended September 30, 2026.".
30 of – Incorporation of Integrated Petrochemicals Marketing & Trading Joint Venture Company in partnership with ONGC and OPaL.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 0.37% on 30 September 2026. This compares with 0.31% on 30 June 2026, a change of +0.06 percentage points.
The filing reported 29 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Execution of marketing activities through the newly incorporated ONGC Petrochemicals Marketing Limited joint venture.
- Progress on insurance claims and restoration work following the CHT unit fire incident.
- Share price reaction around the interim dividend record date of October 21, 2026.
- Sustained delivery volume trends relative to the 8.79% delivery percentage recorded today.
More Mangalore Refinery & Petrochemicals news and dated analysis →
Frequently Asked Questions
What is the latest Mangalore Refinery & Petrochemicals company news?
MRPL announced the incorporation of ONGC Petrochemicals Marketing Limited (OPML) on October 7, 2026, as a public limited company in partnership with ONGC and OPaL. MRPL holds a 25% equity stake in the joint venture, committing ₹12.50 crore through a cash subscription of 1.25 crore equity shares at face value. The entity will handle integrated marketing, branding, distribution, and logistics for petrochemicals and kindred products across the ONGC group.
How strong was Mangalore Refinery & Petrochemicals’s trading volume?
11.40 crore shares traded, 8.11 times the 20-day average daily volume. The price and volume data are dated 26 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.