Mangalore Refinery Faces Continued Stock Decline Amid Broader Market Trends
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced a significant decline, continuing a downward trend with a total drop over recent days. The stock is trading near its 52-week low and has underperformed compared to the broader market, reflecting a challenging position amid declining moving averages.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has seen a notable decline of 3.16% on January 22, 2025, marking a continuation of its downward trend with a total drop of 4.16% over the last two days. The stock's performance today lagged behind the sector by 2.5%, reaching an intraday low of Rs 136.65.Currently, MRPL is trading near its 52-week low, just 2.99% above the low of Rs 133.15. Over the past month, the stock has decreased by 4.01%, while the broader Sensex index has seen a smaller decline of 2.53%. Additionally, MRPL is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position for the company.
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