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MRPL shares rise even as oil and gas index slips
MRPL shares outperformed the oil and gas sector, gaining five percent as investors focused on company specific improvements despite broader weakness.
MRPL shares rose nearly five percent despite broader weakness in the BSE Oil and Gas index. Investors reacted positively to company specific factors, including improved refining margins and operational performance. Analysts observed selective buying within the sector as market participants differentiated balance sheet strength. Meanwhile, most energy stocks remained under the pressure due to crude oil price volatility and cautious sentiment.