Mangalore Refinery & Petrochemicals Signals Trend Reversal Amid Broader Market Gains

Apr 02 2025 03:30 PM IST
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Mangalore Refinery & Petrochemicals experienced a notable performance on April 2, 2025, reversing a three-day decline. The stock reached an intraday high of Rs 138.4 and outperformed its sector. Over the past month, it has increased significantly, contrasting with the broader market's modest gains.
Mangalore Refinery & Petrochemicals has shown notable activity today, gaining 3.19% on April 2, 2025. This performance marks a trend reversal for the stock, which had experienced three consecutive days of decline prior to today. The stock reached an intraday high of Rs 138.4, reflecting a 2.75% increase, while the day's low was recorded at Rs 131.4, down by 2.45%.

In terms of market performance, Mangalore Refinery & Petrochemicals outperformed its sector by 2.62%. The stock's moving averages indicate that it is currently above the 20-day, 50-day, and 100-day moving averages, although it remains below the 5-day and 200-day moving averages.

In the broader market context, the Sensex has continued its upward trajectory, climbing 456.57 points to reach 76,602.85, a rise of 0.76%. The BSE Mid Cap index is leading the market with a gain of 1.36%. Over the past month, Mangalore Refinery & Petrochemicals has shown a significant increase of 31.35%, contrasting with the Sensex's 4.65% gain during the same period.
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