Why is MRPL falling/rising?
As of 01-Jul, Mangalore Refinery & Petrochemicals Ltd. is facing a decline in stock price, currently at 142.85, with a year-to-date drop of 3.71% and a significant negative return of 33.82% over the past year. The company's financial challenges, including a high debt-to-equity ratio and a drastic profit drop, contribute to ongoing investor concerns and underperformance compared to the broader market.
As of 01-Jul, Mangalore Refinery & Petrochemicals Ltd. is experiencing a decline in its stock price, currently at 142.85, reflecting a decrease of 0.45 (-0.31%). The stock has underperformed its sector by 1.6% today and has seen consecutive losses over the last two days, with a total decline of 0.52% in that period. In terms of returns, the stock has performed poorly over the past month, down 0.80%, and has a significant year-to-date decline of 3.71%. Despite a healthy long-term growth rate in net sales and operating profit, the stock has generated a substantial negative return of 33.82% over the past year, coinciding with a drastic profit drop of 98.4%. Additionally, the company has a high debt-to-equity ratio and has reported flat results, further contributing to investor concerns.In the broader market context, the stock's short-term performance contrasts sharply with the benchmark Sensex, which has gained 2.00% over the past week and 2.76% over the past month. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 61.38% against the five-day average indicates falling investor participation. Overall, while the market has shown positive returns, Mangalore Refinery & Petrochemicals Ltd. continues to struggle, reflecting a lack of investor confidence amid its financial challenges and underperformance relative to the broader market.
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