Mangalore Refinery Faces Sustained Stock Decline Amid Challenging Market Conditions

Feb 14 2025 02:15 PM IST
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Mangalore Refinery & Petrochemicals Ltd. (MRPL) has faced notable challenges, with its stock price hitting a new 52-week low and experiencing a significant decline over the past month. The company has underperformed its sector and is trading below key moving averages, indicating ongoing bearish trends in the market.
Mangalore Refinery & Petrochemicals Ltd. (MRPL) has experienced significant downward movement in its stock price, losing 5.58% on February 14, 2025. The stock reached a new 52-week low of Rs. 110 during the trading session, reflecting a challenging market environment for the company. Over the past month, MRPL has underperformed, with a decline of 20.35%, compared to a modest 1.30% drop in the Sensex.

The stock has been on a consecutive downward trend for the past seven days, accumulating a total loss of 13.25% during this period. Today's performance saw MRPL underperforming its sector by 3.08%, indicating broader challenges within the oil exploration and refinery industry. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a sustained bearish trend.

As Mangalore Refinery & Petrochemicals navigates these market conditions, investors and market watchers will be keen to observe any developments that may influence its performance in the coming days.
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