Mangalore Refinery & Petrochemicals Stock Sees -3.15% Decline, MarketsMOJO Gives 'Hold' Call

Mangalore Refinery & Petrochemicals ., a largecap company in the oil exploration and refineries industry, saw a decline of -3.15% in its stock price on September 9th, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -5.03% during this period. On the day of the report, the stock touched an intraday low of Rs 191.2, which is a decrease of -2.94%. This is in contrast to the performance of the sector, where the stock has underperformed by -1.89%.

In terms of moving averages, MRPL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

Compared to the overall performance of the Sensex, Mangalore Refinery & Petrochemicals Ltd. has shown a decline of -3.15% in just one day, while the Sensex has seen a slight increase of 0.10%. In the past month, the stock has also underperformed the Sensex by -7.04%, while the Sensex has shown a positive growth of 1.96%.

Investors should take note of the current trend and the 'Hold' call given by MarketsMOJO before making any decisions regarding Mangalore Refinery & Petrochemicals . stock. It is important to keep an eye on the company's performance and any updates in the oil exploration and refineries industry.