MRPL Stock Faces Downward Trend, 'Sell' Call by MarketsMOJO

Mangalore Refinery & Petrochemicals Ltd. (MRPL) has been facing a downward trend in the stock market, with a loss of -3.32% on October 21, 2024. This has led to a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's stock.

The stock has underperformed the sector by -3.2% and has been on a consecutive fall for the last 3 days, with a total decline of -5.29%. It opened with a gap down of -3.89% and reached an intraday low of Rs 156.45 (-5.53%). The stock has also shown high volatility today, with an intraday volatility of 22.55%.

MRPL 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 Sensex, MRPL's 1 day performance is -3.41% while the Sensex has shown a positive performance of 0.36%. Similarly, in the last 1 month, MRPL's performance has been -12.33% while the Sensex has shown a decline of -3.58%.

As a largecap company in the oil exploration and refineries industry, MRPL's recent performance may be a cause for concern for investors. However, it is important to note that this is based on factual data and does not include any external opinions or recommendations. Investors are advised to do their own research and analysis before making any investment decisions.