MRPL Stock Continues Downward Trend, Underperforms Sector by -3.42%

Mangalore Refinery & Petrochemicals . (MRPL) has been facing a downward trend in its stock performance recently. On October 22, 2024, the company's stock lost -3.73% of its value, underperforming the sector by -3.42%. This marks the fourth consecutive day of losses for MRPL, with a total decline of -10.18% in this period.

The stock's intraday low was recorded at Rs 152, a decrease of -3.83% from the previous day's closing price. MRPL's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the overall market performance, MRPL's stock has underperformed. On the same day, the Sensex recorded a positive performance of 0.23%, while MRPL's stock declined by -3.73%. In the past month, MRPL's stock has seen a decline of -16.61%, while the Sensex has only declined by -3.79%.

Despite the recent decline in stock performance, it is important to note that this article is not making any recommendations or predictions about the future potential of MRPL. It is simply stating the facts and figures of the company's current stock performance. As a largecap company in the oil exploration and refineries industry, MRPL's stock performance will continue to be closely monitored by investors and analysts.