Mangalore Refinery Faces Trend Reversal Amid Broader Market Fluctuations

Mangalore Refinery & Petrochemicals Ltd. has experienced a decline of 3.03% today, underperforming the broader market as represented by the Sensex, which is down by 0.19%. This drop follows a brief period of gains, marking a trend reversal after two consecutive days of positive performance. The stock reached an intraday low of Rs 145.25, reflecting a decrease of 3.13%.
In terms of moving averages, Mangalore Refinery & Petrochemicals is currently positioned above its 5-day, 20-day, 50-day, and 100-day moving averages, yet remains below its 200-day moving average. Over the past week, the stock has shown a gain of 2.90%, contrasting with the Sensex's slight decline of 0.30%.

Looking at longer-term performance, Mangalore Refinery & Petrochemicals has increased by 37.49% over the last three months, significantly outperforming the Sensex's 11.31% gain. However, the stock's one-year performance remains negative at -29.74%, while the Sensex has risen by 10.27% during the same period. Overall, the stock's performance metrics indicate a complex landscape amid fluctuating market conditions.