Mangalore Refinery Faces Persistent Stock Decline Amid Market Challenges

Feb 17 2025 09:35 AM IST
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Mangalore Refinery & Petrochemicals (MRPL) is experiencing notable stock volatility, trading near its 52-week low and underperforming its sector. The stock has declined for eight consecutive days, resulting in a significant drop over the past year, contrasting with the overall market's positive performance.
Mangalore Refinery & Petrochemicals (MRPL), a midcap player in the oil exploration and refinery sector, has experienced significant volatility in its stock performance. Today, the stock is trading close to its 52-week low, just 0.41% away from the low of Rs 108.6 reached on February 17, 2025.

In today's trading session, MRPL underperformed its sector by 1.21%, continuing a downward trend that has seen the stock decline for eight consecutive days, resulting in a total drop of 14.24% during this period. The stock opened at Rs 109.05 and has remained around this price point throughout the day, indicating a lack of range in trading activity.

Additionally, MRPL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent bearish trend. Over the past year, the stock has faced a substantial decline of 54.95%, contrasting sharply with the Sensex, which has gained 4.16% during the same timeframe. These performance indicators reflect the challenges faced by Mangalore Refinery & Petrochemicals in the current market environment.
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