Mangalore Refinery Faces Stock Volatility Amid Broader Market Stability Concerns

Mangalore Refinery & Petrochemicals Ltd., a small-cap player in the oil industry, has experienced significant fluctuations in its stock performance recently. The company currently holds a market capitalization of Rs 21,504.00 crore. Over the past year, Mangalore Refinery's stock has declined by 41.65%, contrasting sharply with the Sensex, which has seen a decrease of only 2.08% during the same period.
In today's trading session, the stock has dropped by 1.69%, while the Sensex has decreased by 0.87%. This downward trend is reflected in the company's performance over the past week and month, with declines of 3.72% and 9.68%, respectively. Year-to-date, Mangalore Refinery's stock is down 17.90%, compared to a 2.48% increase in the Sensex.

Despite these recent challenges, Mangalore Refinery has shown resilience over a longer time frame, with a notable 66.62% increase over the past three years and an impressive 264.13% rise over the last five years. However, the current P/E ratio stands at -75.48, significantly lower than the industry average of 15.84, indicating potential concerns regarding profitability.