MRPL belongs to the Energy sector and operates within the Oil & Gas Refining & Marketing industry. The company is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In this detailed post, we will explore MRPL share price targets for 2024, 2025, 2026, and up to 2030. For long-term forecasts, we will use different technical analysis approaches to predict targets up to the year 2030.
To forecast the price of MRPL up to the year 2030, we will use a machine learning approach where the forecasted data is trained on the past performance. Mangalore Refinery and Petrochmcls Ltd, known for its significant presence in the Indian share market, has shown various trends over the years. In this section, we discuss MRPL's current market position, its growth trajectory, and how external market factors might influence its price performance leading up to 2030.
MRPL’s Performance Overview
Current Performance
Today 2024-09-12 shares of MRPL closed at ₹188.91 which is ₹1.74 higher than its previous close of ₹187.17. The company has been in mixed trend for the past one week.
Historical Performance
| Date | Close | Gain/Loss |
|---|---|---|
| 2024-09-04 | ₹201.68 | ₹2.02 (0.99%) |
| 2024-09-05 | ₹201.91 | ₹0.23 (0.11%) |
| 2024-09-06 | ₹197.21 | ₹4.70 (2.33%) |
| 2024-09-09 | ₹189.76 | ₹7.45 (3.78%) |
| 2024-09-10 | ₹194.68 | ₹4.92 (2.59%) |
| 2024-09-11 | ₹187.17 | ₹7.51 (3.86%) |
| 2024-09-12 | ₹188.91 | ₹1.74 (0.93%) |
MRPL for Tomorrow
Last three days were negative and we can see a continuation bearish trend for tomorrow. This data is important as traders can make better swing trading entries for the upcoming year 2025 or even long-term targets up to 2030.
MRPL Share Price Target 2024
Most of the Indian stocks like MRPL have experienced an impressive Bull run in 2023. In the first quarter of 2024, the bullish sentiment of the market will likely stay the same with some consolidation in the beginning few months. As per technical data, the minimum share price target in 2024 for MRPL is expected to be ₹303.92 and the maximum price target for 2024 will be ₹479.92.
| Month | Target |
|---|---|
| April 2024 target for MRPL | ₹303.92 |
| May 2024 target for MRPL | ₹325.92 |
| June 2024 target for MRPL | ₹347.92 |
| July 2024 target for MRPL | ₹369.92 |
| August 2024 target for MRPL | ₹391.92 |
| September 2024 target for MRPL | ₹413.92 |
| October 2024 target for MRPL | ₹435.92 |
| November 2024 target for MRPL | ₹457.92 |
| December 2024 target for MRPL | ₹479.92 |
Summary of MRPL Share Price Forecast for 2024
- The initial price target for Mangalore Refinery and Petrochmcls Ltd in 2024 is projected to be ₹303.92.
- With favorable market conditions, the mid-year price target for Mangalore Refinery and Petrochmcls Ltd could reach ₹413.92.
- By the end of 2024, the price target for Mangalore Refinery and Petrochmcls Ltd is expected to potentially reach ₹479.92, considering bullish market trends.
Predicted Price Chart for 2024
MRPL Share Price Target 2025
The share price of MRPL is expected to reach a value of Rs. 490 by January 2025. If the Macro and Micro economic factors along with the industry trend support, we might see the target price of Mangalore Refinery and Petrochmcls Ltd reach Rs 550 by December 2025.
| Month | Target |
|---|---|
| January 2025 target for MRPL | ₹490 |
| February 2025 target for MRPL | ₹500 |
| March 2025 target for MRPL | ₹510 |
| April 2025 target for MRPL | ₹493 |
| May 2025 target for MRPL | ₹477 |
| June 2025 target for MRPL | ₹461 |
| July 2025 target for MRPL | ₹479 |
| August 2025 target for MRPL | ₹498 |
| September 2025 target for MRPL | ₹518 |
| October 2025 target for MRPL | ₹528 |
| November 2025 target for MRPL | ₹539 |
| December 2025 target for MRPL | ₹550 |
Summary of MRPL Share Price Forecast for 2025
- The initial price target for Mangalore Refinery and Petrochmcls Ltd in 2025 is projected to be ₹490.
- With favorable market conditions, the mid-year price target for Mangalore Refinery and Petrochmcls Ltd could reach ₹461.
- By the end of 2025, the price target for Mangalore Refinery and Petrochmcls Ltd is expected to potentially reach ₹550, considering bullish market trends.
Predicted Price Chart for 2025
MRPL Share Price Target 2026
As per technical data, The minimum share price target of MRPL is expected to reach Rs. 561 and the maximum value that shares of MRPL can reach is Rs. 629.
| Month | Target |
|---|---|
| January 2026 target for MRPL | ₹561 |
| February 2026 target for MRPL | ₹572 |
| March 2026 target for MRPL | ₹583 |
| April 2026 target for MRPL | ₹564 |
| May 2026 target for MRPL | ₹545 |
| June 2026 target for MRPL | ₹527 |
| July 2026 target for MRPL | ₹548 |
| August 2026 target for MRPL | ₹570 |
| September 2026 target for MRPL | ₹593 |
| October 2026 target for MRPL | ₹605 |
| November 2026 target for MRPL | ₹617 |
| December 2026 target for MRPL | ₹629 |
Summary of MRPL Share Price Forecast for 2026
- The initial price target for Mangalore Refinery and Petrochmcls Ltd in 2026 is projected to be ₹561.
- With favorable market conditions, the mid-year price target for Mangalore Refinery and Petrochmcls Ltd could reach ₹527.
- By the end of 2026, the price target for Mangalore Refinery and Petrochmcls Ltd is expected to potentially reach ₹629, considering bullish market trends.
Predicted Price Chart for 2026
MRPL Share Price Target 2027
Using Fibonacci projections, the estimated price target forecast for Mangalore Refinery and Petrochmcls Ltd (MRPL) in the first half of the year 2027 will be between ₹642 - ₹603. By the second half of 2027, the share price of MRPL may reach a maximum value of ₹720.
| Month | Target |
|---|---|
| January 2027 target for MRPL | ₹642 |
| February 2027 target for MRPL | ₹655 |
| March 2027 target for MRPL | ₹668 |
| April 2027 target for MRPL | ₹646 |
| May 2027 target for MRPL | ₹624 |
| June 2027 target for MRPL | ₹603 |
| July 2027 target for MRPL | ₹627 |
| August 2027 target for MRPL | ₹652 |
| September 2027 target for MRPL | ₹678 |
| October 2027 target for MRPL | ₹692 |
| November 2027 target for MRPL | ₹706 |
| December 2027 target for MRPL | ₹720 |
Summary of MRPL Share Price Forecast for 2027
- The initial price target for Mangalore Refinery and Petrochmcls Ltd in 2027 is projected to be ₹642.
- With favorable market conditions, the mid-year price target for Mangalore Refinery and Petrochmcls Ltd could reach ₹603.
- By the end of 2027, the price target for Mangalore Refinery and Petrochmcls Ltd is expected to potentially reach ₹720, considering bullish market trends.
Predicted Price Chart for 2027
MRPL Share Price Target 2028
| Month | Target |
|---|---|
| January 2028 target for MRPL | ₹734 |
| February 2028 target for MRPL | ₹749 |
| March 2028 target for MRPL | ₹764 |
| April 2028 target for MRPL | ₹739 |
| May 2028 target for MRPL | ₹714 |
| June 2028 target for MRPL | ₹690 |
| July 2028 target for MRPL | ₹718 |
| August 2028 target for MRPL | ₹747 |
| September 2028 target for MRPL | ₹777 |
| October 2028 target for MRPL | ₹793 |
| November 2028 target for MRPL | ₹809 |
| December 2028 target for MRPL | ₹825 |
Summary of MRPL Share Price Forecast for 2028
- The initial price target for Mangalore Refinery and Petrochmcls Ltd in 2028 is projected to be ₹734.
- With favorable market conditions, the mid-year price target for Mangalore Refinery and Petrochmcls Ltd could reach ₹690.
- By the end of 2028, the price target for Mangalore Refinery and Petrochmcls Ltd is expected to potentially reach ₹825, considering bullish market trends.
Predicted Price Chart for 2028
MRPL Share Price Target 2029
| Month | Target |
|---|---|
| January 2029 target for MRPL | ₹842 |
| February 2029 target for MRPL | ₹859 |
| March 2029 target for MRPL | ₹876 |
| April 2029 target for MRPL | ₹847 |
| May 2029 target for MRPL | ₹819 |
| June 2029 target for MRPL | ₹792 |
| July 2029 target for MRPL | ₹824 |
| August 2029 target for MRPL | ₹857 |
| September 2029 target for MRPL | ₹891 |
| October 2029 target for MRPL | ₹909 |
| November 2029 target for MRPL | ₹927 |
| December 2029 target for MRPL | ₹946 |
Summary of MRPL Share Price Forecast for 2029
- The initial price target for Mangalore Refinery and Petrochmcls Ltd in 2029 is projected to be ₹842.
- With favorable market conditions, the mid-year price target for Mangalore Refinery and Petrochmcls Ltd could reach ₹792.
- By the end of 2029, the price target for Mangalore Refinery and Petrochmcls Ltd is expected to potentially reach ₹946, considering bullish market trends.
Predicted Price Chart for 2029
MRPL Share Price Target 2030
| Month | Target |
|---|---|
| January 2030 target for MRPL | ₹965 |
| February 2030 target for MRPL | ₹984 |
| March 2030 target for MRPL | ₹1004 |
| April 2030 target for MRPL | ₹971 |
| May 2030 target for MRPL | ₹939 |
| June 2030 target for MRPL | ₹908 |
| July 2030 target for MRPL | ₹944 |
| August 2030 target for MRPL | ₹982 |
| September 2030 target for MRPL | ₹1021 |
| October 2030 target for MRPL | ₹1041 |
| November 2030 target for MRPL | ₹1062 |
| December 2030 target for MRPL | ₹1083 |
Summary of MRPL Share Price Forecast for 2030
- The initial price target for Mangalore Refinery and Petrochmcls Ltd in 2030 is projected to be ₹965.
- With favorable market conditions, the mid-year price target for Mangalore Refinery and Petrochmcls Ltd could reach ₹908.
- By the end of 2030, the price target for Mangalore Refinery and Petrochmcls Ltd is expected to potentially reach ₹1083, considering bullish market trends.
Predicted Price Chart for 2030
Key Takeaways from Forecasted Price for MRPL from 2024 to 2030
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹303.92 | ₹413.92 | ₹479.92 |
| 2025 | ₹490 | ₹461 | ₹550 |
| 2026 | ₹561 | ₹527 | ₹629 |
| 2027 | ₹642 | ₹603 | ₹720 |
| 2028 | ₹734 | ₹690 | ₹825 |
| 2029 | ₹842 | ₹792 | ₹946 |
| 2030 | ₹965 | ₹908 | ₹1083 |
- In 2024, Mangalore Refinery and Petrochmcls Ltd (MRPL) is expected to experience strong growth, with an initial target of ₹303.92. However, market volatility might lead to fluctuations mid-year, peaking at ₹435.92.
- For Mangalore Refinery and Petrochmcls Ltd in 2025, a bullish trend might take the stock to a mid-year target of ₹479, followed by a steady climb to ₹550.
- In 2026, a temporary decline in early months for Mangalore Refinery and Petrochmcls Ltd is possible, with a recovery expected by mid-year, aiming for ₹548.
- Anticipating mixed trends for Mangalore Refinery and Petrochmcls Ltd in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹720.
- For 2028 and 2029, Mangalore Refinery and Petrochmcls Ltd is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
- By 2030, the cumulative impact of market dynamics could lead Mangalore Refinery and Petrochmcls Ltd to a substantial year-end target, surpassing previous expectations.
Final Words on Mangalore Refinery and Petrochmcls Ltd (MRPL) Share Price Target up to 2030
To summarize, we have presented MRPL share price target 2024, 2025, 2026, and up to 2030, based on the most recent trading data and algorithms. These targets serve as potential support and resistance levels for the coming years.
It's essential to note that while these price targets are based on technical analysis, other market conditions and news could also impact the stock's performance. Therefore, these hypothetical targets should be used as guidelines and not as financial advice. Always perform your own due diligence before making any investment.
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