Mangalore Refinery Hits 52-Week Low Amid Broader Industry Challenges

Feb 28 2025 09:35 AM IST
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Mangalore Refinery & Petrochemicals Ltd. has reached a new 52-week low, reflecting ongoing challenges in the oil exploration and refinery sector. The stock has declined significantly over the past year, underperforming compared to broader market indices, and is currently trading below key moving averages.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced significant activity today, marking a new 52-week low of Rs. 106.75. This decline comes as the stock has underperformed its sector by 1.15%, reflecting broader challenges within the oil exploration and refinery industry. Over the past two days, MRPL has seen a consecutive fall, with a total decline of 5.2%.

Today's trading session saw the stock reach an intraday low of Rs. 106.75, down 3.22% from the previous close. Additionally, MRPL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short- to long-term performance.

Over the past year, Mangalore Refinery & Petrochemicals has faced a substantial decline of 53.23%, contrasting sharply with the Sensex, which has gained 2.02% during the same period. This stark difference highlights the challenges MRPL is facing in the current market environment.
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