 "Petrochemicals plant")
Shares of refineries & petro products companies – Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) – have hit their respective 52-week highs on the Bombay Stock Exchange (BSE) in otherwise subdued market.
MRPL rallied 10% to Rs 112, while CPCL surged 9% to Rs 331 during intra-day trade on BSE on back of heavy volumes.
Post July-September (Q2FY17) results, CPCL has zoom 42%, while MRPL soared 27% as compared to less than 2% gain recorded by the benchmark index.
MRPL rallied 10% to Rs 112, while CPCL surged 9% to Rs 331 during intra-day trade on BSE on back of heavy volumes.
Post July-September (Q2FY17) results, CPCL has zoom 42%, while MRPL soared 27% as compared to less than 2% gain recorded by the benchmark index.
CPCL, a group company of Indian Oil, had reported a standalone net profit of Rs 98
