Mangalore Refinery and Petrochemicals lost 5.06% to Rs 36.55 at 15:01 IST on BSE, on reporting a net loss of Rs 285.41 crore in Q3 December 2008 as compared to a net profit of Rs 346.60 crore in Q3 December 2007.
The stock hit a high of Rs 39.60 and a low of Rs 35.15 so far during day. The stock hit a 52-week high of Rs 121 on 21 January 2008 and a 52-week low of Rs 30 on 27 October 2008.
The company's current equity is Rs 1752.90 crore. Face value per share is Rs 10.
The company incurred losses in the quarter ended December 2008 mainly due to inventory valuation loss of Rs 1062 crore on account of sharp fall in crude oil and petroleum product prices. The total income rose 6.96% to Rs 8113.69 crore in Q3 December 2008 over Q3 December 2007.
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