Mangalore Refinery Faces Ongoing Challenges Amid Significant Stock Volatility

Jan 28 2025 09:35 AM IST
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Mangalore Refinery & Petrochemicals Ltd. (MRPL) has hit a new 52-week low, continuing a six-day decline that has seen an 11.7% drop. The stock has underperformed its sector and experienced a 28.54% decrease over the past year, contrasting with the Sensex's gains. Key moving averages indicate a bearish trend.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced significant volatility today, reaching a new 52-week low of Rs. 126.05. This decline marks a continued downward trend, as the stock has now fallen for six consecutive days, resulting in a total decrease of 11.7% during this period.

In terms of market performance, MRPL has underperformed its sector by 0.98%, reflecting broader challenges within the oil exploration and refinery industry. Over the past year, the stock has seen a substantial decline of 28.54%, contrasting sharply with the Sensex, which has gained 7.05% in the same timeframe.

Additionally, MRPL's current trading position is below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent bearish trend. As the company navigates these challenges, its performance metrics highlight the ongoing pressures faced in the competitive landscape of the oil and petrochemical sector.
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