Mangalore Refinery Shows Trend Reversal Amid Broader Market Gains and Volatility

Mangalore Refinery & Petrochemicals has shown significant movement today, gaining 4.15% as of May 12, 2025. This performance marks a notable trend reversal after two consecutive days of decline. The stock opened with a gap up of 2.91% and reached an intraday high of Rs 130.95, reflecting a 4.47% increase at its peak.
Despite today's gains, Mangalore Refinery's performance over the past week has been down by 2.06%, and it has seen a slight decline of 0.11% over the past month. However, the stock has performed well over a three-year period, with a substantial increase of 95.51%, and an impressive 369.78% rise over the last five years.

In the broader market context, the oil exploration and refineries sector has gained 2.77%, while the Sensex has risen sharply by 2.35% today, following a strong gap up opening. Mangalore Refinery's volatility today was notable, with an intraday volatility of 63.34%, indicating active trading. The stock's moving averages show it is currently above the 5-day and 50-day averages but below the 20-day, 100-day, and 200-day averages.