Mangalore Refinery & Petrochemicals Shows Short-Term Gains Amid Broader Market Recovery

Mangalore Refinery & Petrochemicals has shown notable activity today, gaining 3.39% as of March 21, 2025. The stock has outperformed its sector by 3.28%, marking a positive trend over the past three days with a cumulative return of 6.7%. During today's trading session, the stock reached an intraday high of Rs 122.55, reflecting a 3.99% increase.
In terms of moving averages, Mangalore Refinery & Petrochemicals is currently above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. This indicates a mixed performance in the context of longer-term trends.

The broader market has also experienced fluctuations, with the Sensex recovering sharply after a negative opening, currently trading at 76,592.39, up 0.32%. While Mangalore Refinery & Petrochemicals has shown strong short-term performance, its longer-term metrics reveal a decline of 43.98% over the past year, contrasting with the Sensex's gain of 5.44% during the same period. Overall, the stock's recent gains highlight its current market activity amidst a recovering broader market.