Mangalore Refinery Faces Continued Stock Decline Amid Broader Market Gains

Jan 28 2025 10:00 AM IST
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Mangalore Refinery & Petrochemicals Ltd. (MRPL) has seen a notable decline in stock performance, falling for six consecutive days and reaching a new 52-week low. The stock has underperformed compared to its sector and broader market indices, indicating ongoing challenges in the current market environment.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced a significant decline in its stock performance today, with a drop of 3.89%. This downturn marks a continuation of a troubling trend, as the stock has now fallen for six consecutive days, resulting in a total decline of 13.86% over this period.

Today, MRPL reached a new 52-week low of Rs. 123.25, reflecting a day’s low of Rs. 123.25, which is a decrease of 3.07% from the previous close. In comparison to the broader market, MRPL underperformed its sector by 2.59%, while the Sensex recorded a modest gain of 0.40%.

Additionally, MRPL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its stock performance. Over the past month, the stock has declined by 15.96%, contrasting with the Sensex's decrease of 3.85%. These metrics highlight the challenges faced by Mangalore Refinery & Petrochemicals in the current market environment.
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