MRPL surges on first petrol sale in 8 months

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Mangalore Refinery & Petrochemical Ltd (MRPL) has surged 5% to Rs 65.75 on the news that the company has sold its first spot petrol cargo in about eight months to Vitol, at a time of tight supplies, traders said on Monday.

It also sold a naphtha cargo at a premium of about $34 a tonne, setting a new eight-month high on strong fundamentals.

In the intraday trade, the stock opened at Rs 63.75 and made a high of Rs 66.20. Around 2,70,000 shares were traded in BSE