Shares of Mangalore Refinery have been final buying and selling 2.08 per cent decrease at Rs 51.80 on the BSE.
Share value of Mangalore Refinery and Petrochemicals Limited edged decrease by round two per cent on Wednesday, May 19, a day after asserting January-March quarter outcomes for the monetary 12 months 2020-21. On Wednesday, Mangalore Refinery opened on the BSE at Rs 52.65, swinging to an intra day excessive of Rs 52.70, and an intra day low of Rs 51.30, within the buying and selling session thus far. Mangalore Refinery and Petrochemicals is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC). (Also Read: Mangalore Refinery & Petrochemicals Reports Profit Of ₹ 328 Crore In March Quarter )
Mangalore Refinery reported a internet revenue of Rs 328 crore within the March quarter of the fiscal 12 months 2020-21. According to a regulatory submitting, the agency to the inventory exchanges, Mangalore Refinery’s gross income from operations stood at Rs 29,788 crore within the March quarter of the fiscal 12 months 2020-21, as towards Rs 17,545 crore within the corresponding quarter of earlier fiscal. The refinery’s exports, together with excessive sea-sales and deemed exports throughout the fourth quarter stood at Rs 3,903 crore.
Mangalore Refinery will enter into agreements with oil marking corporations to spice up its home gross sales. It can be is organising its personal shops to seize the retail margins.
On the NSE, Mangalore Refinery opened at Rs 52.50, registering an intra day excessive of Rs 52.70 and an intra day low of Rs 51.30, within the session thus far. It was final buying and selling 1.79 per cent decrease at Rs 52 on the NSE.
Shares of Mangalore Refinery have been final buying and selling 2.08 per cent decrease at Rs 51.80 on the BSE.
