Mangalore Refinery Faces Sustained Decline Amid Broader Market Stability

Feb 11 2025 10:00 AM IST
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Mangalore Refinery & Petrochemicals Ltd. (MRPL) has seen a significant decline, falling for four consecutive days and reaching a new 52-week low. The stock's performance metrics indicate it is trading below various moving averages, with a notable drop over the past month compared to the broader market.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced a notable decline today, with the stock down by 3.13%. This drop marks a continuation of a downward trend, as MRPL has now fallen for four consecutive days, resulting in a total decline of 7.35% over this period. Today, the stock reached a new 52-week low of Rs. 117.8, reflecting a significant underperformance compared to its sector, which saw a decline of only 2.85%.

In terms of performance metrics, MRPL's current trading levels are below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. Over the past month, the stock has declined by 16.38%, while the broader Sensex index has only seen a minor decrease of 0.46%. The day's intraday low was recorded at Rs. 117.8, down 3.01% from the previous close. These figures highlight the challenges MRPL is facing in the current market environment.
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