Mangalore Refinery Stock Surges 4.67%, Outperforming Sector and Sensex

Mangalore Refinery & Petrochemicals Ltd., a prominent player in the oil exploration and refining sector, has shown notable performance on December 24, 2024, with a gain of 4.67%. This increase allowed the stock to outperform its sector by 1.96%, reflecting a positive trend over the past two days, during which it has accumulated a total return of 3.09%.
On this trading day, the stock reached an intraday high of Rs 147, marking a rise of 3.16%. Despite this recent uptick, the stock's moving averages indicate a mixed performance; it is currently above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of broader market performance, Mangalore Refinery & Petrochemicals Ltd. recorded a 1-day performance of 4.53%, significantly outpacing the Sensex, which saw a modest increase of 0.31%. However, over the past month, the stock has experienced a decline of 5.46%, compared to a slight drop of 0.42% in the Sensex. This data highlights the stock's recent volatility within the context of the overall market.