Mangalore Refinery Faces Decline Amid Mixed Moving Averages and Broader Market Drop

Mangalore Refinery & Petrochemicals Ltd. experienced a notable decline of 3.25% on June 12, 2025, underperforming the sector by 2.03%. This drop comes after a brief period of three consecutive days of gains, indicating a potential trend reversal. The stock reached an intraday low of Rs 141.7, reflecting a decrease of 2.91% during the trading session. In terms of moving averages, Mangalore Refinery & Petrochemicals is currently positioned higher than its 20-day, 50-day, and 100-day moving averages, yet lower than its 5-day and 200-day moving averages. This mixed performance in moving averages suggests varying short-term and long-term trends. Comparatively, the broader market, represented by the Sensex, fell sharply by 1.14% after a flat opening, closing at 81,573.73 points. While Mangalore Refinery & Petrochemicals has shown a 7.10% increase over the past month, its year-to-date performance remains negative at -4.95%. Over the past year, the stock has declined by 34%, contrasting with the Sensex's gain of 6.51%.