Mangalore Refinery Faces Significant Stock Volatility Amid Sector Underperformance

Mar 03 2025 09:35 AM IST
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Mangalore Refinery & Petrochemicals Ltd. (MRPL) has hit a new 52-week low, reflecting significant volatility and a 9.13% decline over three days. The stock has underperformed its sector and has dropped 56.21% over the past year, contrasting sharply with the Sensex's minor decrease.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced significant volatility today, reaching a new 52-week low of Rs. 103.85. This decline marks a notable performance dip, as the stock has underperformed its sector by 1.27%. Over the past three days, MRPL has seen a consecutive fall, accumulating a total decline of 9.13%.

Despite opening with a gain of 2.08%, the stock's intraday high was recorded at Rs. 107.95. However, MRPL continues to trade below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position.

In terms of longer-term performance, MRPL has faced a substantial decline of 56.21% over the past year, contrasting sharply with the Sensex, which has only decreased by 0.68% during the same period. This stark difference highlights the ongoing challenges faced by the company within the oil exploration and refinery sector.
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