Mangalore Refinery Faces Significant Volatility Amidst Broader Market Challenges

Jan 27 2025 09:50 AM IST
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Mangalore Refinery & Petrochemicals Ltd. (MRPL) has hit a new 52-week low, underperforming its sector significantly. The stock has declined consecutively over the past five days and has faced a notable drop over the past year, contrasting sharply with the positive performance of the benchmark Sensex.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced significant volatility today, reaching a new 52-week low of Rs. 127.8. This decline marks a notable underperformance, with the stock trailing its sector by 3.19%. Over the past five days, MRPL has faced a consecutive decline, resulting in a total drop of 10.41% during this period.

Today's trading saw the stock hit an intraday low of Rs. 127.8, reflecting a decrease of 4.38%. In terms of technical indicators, MRPL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

Looking at the broader picture, MRPL's performance over the past year has been challenging, with a decline of 26.13%. In contrast, the benchmark Sensex has shown a positive return of 7.32% during the same timeframe. These metrics highlight the ongoing struggles faced by Mangalore Refinery & Petrochemicals in a competitive market environment.
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