Mangalore Refinery Outperforms Sector Amid Mixed Short-Term Momentum Signals

Mangalore Refinery & Petrochemicals has shown notable activity today, gaining 3.46% on February 20, 2025. This performance has allowed the stock to outperform its sector by 1.92%. Over the past two days, Mangalore Refinery has demonstrated a consecutive gain, accumulating a total return of 6.08%.
During today's trading session, the stock reached an intraday high of Rs 116.9, reflecting a 2.45% increase at that point. In terms of moving averages, the stock is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed short-term momentum.

When comparing its performance over different time frames, Mangalore Refinery has experienced a 4.43% increase today, while the broader Sensex index has declined by 0.38%. However, over the past month, the stock has faced challenges, showing a decline of 16.79%, compared to a smaller drop of 1.84% in the Sensex. This performance highlights the stock's current market position within the oil exploration and refinery industry.