As Smooth as Oil - MRPL
Ali On Content / 03 Aug 2009
Looking at the company’s fundamentals and growth prospects, the counter is a good long-term buy. Thus investors can add the scrip to their long-term portfolio.
MRPL
BSE: 500109
CMP: 83.55
Volume: 794443
As per an institutional report, the counter might do well owing to the crude oil prices that are currently consolidating in the range of USD 65-70. The rise in crude oil prices helps the company in improving its refining margins. The counter has witnessed a significant rise in the open interest in the F&O segment. And according to a derivative strategist, the counter in the near future is expected to witness a decent increase in the price and volumes on the bourses and has given a buy call with a target of 20-25 per cent over its CMP. As per a leading broker, the counter is expected to touch the level of Rs 100 in the coming 6-8 months. And looking at the company’s fundamentals and growth prospects, the counter is a good long-term buy. Thus investors can add the scrip to their long-term portfolio.
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