Mangalore Refinery Shows Momentum Shift Amid Broader Sector Gains and Long-Term Growth

Mangalore Refinery & Petrochemicals has shown notable activity today, gaining 3.37% on April 8, 2025. This performance outpaced the broader oil exploration and refineries sector, which rose by 2.29%. The stock's recent trend reversal comes after three consecutive days of decline, indicating a potential shift in momentum. During the trading session, Mangalore Refinery reached an intraday high of Rs 134, marking a 3.76% increase.
In terms of moving averages, the stock is currently positioned higher than its 20-day and 50-day moving averages, yet remains below the 5-day, 100-day, and 200-day moving averages. Over the past week, Mangalore Refinery has experienced a slight decline of 0.89%, contrasting with the Sensex's drop of 1.78%. However, the stock has performed well over the past month, with a gain of 17.41%, significantly outperforming the Sensex's modest increase of 0.45%.

Despite a challenging year-to-date performance of -10.01%, Mangalore Refinery has demonstrated impressive growth over the longer term, with a remarkable 448.25% increase over the past five years, compared to the Sensex's 149.77% rise.