Mangalore Refinery Hits 52-Week Low Amid Broader Industry Challenges

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.