Mangalore Refinery & Petrochemicals . Stock Sees Decline of -3.08% on September 11, 2024

Sep 11 2024 02:00 PM IST
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On September 11, 2024, Mangalore Refinery & Petrochemicals ., a largecap company in the oil exploration and refineries industry, saw a decline of -3.08% in its stock price. According to MarketsMojo, the current call for the company is 'Hold', indicating that investors should hold onto their existing positions. The stock has also been underperforming compared to the overall market in the past month.


Mangalore Refinery & Petrochemicals ., a largecap company in the oil exploration and refineries industry, saw a decline of -3.08% in its stock price on September 11, 2024. This underperformance was reflected in the stock's movement as it fell below all its key moving averages - 5 day, 20 day, 50 day, 100 day, and 200 day.

According to MarketsMOJO, a leading stock analysis platform, the current call for Mangalore Refinery & Petrochemicals . is 'Hold'. This suggests that investors should hold onto their existing positions in the company's stock and not make any new investments at this time.

On the day of the decline, the stock touched an intraday low of Rs 189.45, representing a decrease of -2.75%. This was also -1.85% lower than the performance of the sector as a whole.

Looking at the stock's performance over a longer period, Mangalore Refinery & Petrochemicals . has seen a decline of -8.01% in the past month, while the Sensex, India's benchmark index, has shown a positive growth of 2.68%. This indicates that the company's stock has been underperforming compared to the overall market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative overview of Mangalore Refinery & Petrochemicals . and its recent stock performance. As always, investors are advised to conduct their own research and make informed decisions when it comes to their investments.
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