Mangalore Refinery Faces Ongoing Challenges Amid Continued Stock Decline and 52-Week Low

Jan 27 2025 09:50 AM IST
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Mangalore Refinery & Petrochemicals Ltd. (MRPL) has faced a notable decline in stock performance, falling for five consecutive days and reaching a new 52-week low. The stock has underperformed its sector and is trading below its moving averages, highlighting ongoing challenges in the oil exploration and refinery industry.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced a significant decline in its stock performance today, with a drop of 3.74%. This downturn marks a continuation of a troubling trend, as the stock has now fallen for five consecutive days, resulting in a total decline of 10.41% over this period.

Today, MRPL reached a new 52-week low of Rs. 127.8, reflecting a day’s low of Rs. 127.8, which represents a decrease of 4.38% from the previous close. The stock's performance has notably underperformed its sector, lagging by 3.19%. Over the past month, MRPL has seen a decline of 11.52%, contrasting sharply with the Sensex, which has only decreased by 3.63% during the same timeframe.

Additionally, MRPL is currently trading below its moving averages across various timeframes, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This trend indicates ongoing challenges for the company within the oil exploration and refinery industry.
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