How higher GRMs helped MRPL rise over 30% in a week; Mohit Nigam explains
"MRPL has rallied more than 30% in the last week as it is getting benefits from the higher GRMs or gross refining margins which is due to favorable global refining scenario and the company is expected to report healthy earnings in the near term. The ongoing concerns over the supply of refined products and the switch from costly gas to oil led to a rise in Singapore's complex gross refining margin (GRM) to a multi-year high."