MRPL Stock Declines -3.13% in Second Consecutive Day of Losses

Mangalore Refinery & Petrochemicals Ltd. (MRPL) is a largecap company in the oil exploration and refineries industry. On April 9, 2024, the company's stock saw a decline of -3.13%, underperforming the sector by -1.96%. This marks the second consecutive day of losses for MRPL, with a total fall of -4.98% in the past two days.

The stock's intraday low was Rs 226, a decrease of -3.07% from the previous day's closing price. However, MRPL's moving averages are still showing a positive trend, with the stock trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages. The only exception is the 5-day moving average, which is currently lower.

In comparison to the overall market performance, MRPL's stock has underperformed, with a -3.13% decrease compared to the Sensex's -0.03% performance on the same day. Over the past month, MRPL's stock has also seen a decline of -3.21%, while the Sensex has shown a positive performance of 0.81%.

Despite the recent decline in stock price, MarketsMOJO has given a 'Hold' rating for MRPL's stock. This neutral stance is based on the company's current performance and does not take into account any future potential or expert opinions. As a largecap company in the oil exploration and refineries industry, MRPL continues to be a significant player in the market.