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Mangalore Refinery Shares Plunge 7% as Refining Margin Outlook Overshadows Strong Q2
Mangalore Refinery and Petrochemicals shares fell 7% on October 15 despite reporting strong Q2 results, as investors shifted focus to narrowing refining margins and crude oil price softness that could compress future earnings.
Oct 16, 2026
IndiaMRPL Surges 6.3% as Crude Oil's Push Toward $100 Triggers Sector-Wide India Refining Rally
Mangalore Refinery and Petrochemicals (MRPL) shares spiked 6.3% as rising crude oil toward $100 per barrel expanded refining margins, triggering a sector-wide rally in Indian refining stocks while oil marketing companies faced the opposite pressure.
Sep 10, 2026