Mangalore Refinery & Petrochemicals Faces Continued Decline Amid Sector Underperformance

Mangalore Refinery & Petrochemicals has experienced a notable decline today, with shares down by 3.11%. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, resulting in a total decline of 3.7% over this period. The stock reached an intraday low of Rs 129.7, reflecting a decrease of 2.74% at its lowest point.
In terms of market performance, Mangalore Refinery & Petrochemicals has underperformed relative to its sector, lagging behind by 1.36%. Over the past week, the stock has seen a decline of 3.84%, contrasting with a slight gain of 0.43% in the broader Sensex index. The one-month performance shows a decrease of 4.48%, while the stock has faced a significant drop of 43.83% over the past year, compared to a 9.12% increase in the Sensex.

Currently, Mangalore Refinery & Petrochemicals is trading above its 50-day moving average but below its 5-day, 20-day, 100-day, and 200-day moving averages, indicating mixed short-term and long-term trends.