The shares of MRPL surged 13.18% on Wednesday’s early trades. They have touched a fresh 52-week high of ₹ 123.35 and are currently trading at ₹ 121.25 apiece on the NSE as of IST 11:03. The shares had a trading volume of 3,77,09,497 during the session.
In the last four sessions, the company’s shares have risen 47.10 % from ₹ 82.40 to the current levels. This means that, if an investor would have invested ₹ 1,00,000 in the shares of the company on 3rd June 2022, their holdings would have been worth ₹1.47 lakhs.
The shares have given multibagger returns of 175% on a year-to-date basis as their share price increased from ₹43.75 to 121.25. This means that, if an investor would have invested ₹1,00,000 on 3rd January 2022, their holdings would have been worth ₹2,75,000.
The RSI indicators for the share are at 79.27 points, which indicates that the shares are in an overbought zone.
During the fourth quarter of 2021-22, the company has earned a net profit of ₹ 3,008.18 crores indicating an increase of 1024.51%, as compared to the net profit of ₹ 267.51 crores in the corresponding quarter of 2020-21.
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