Mangalore Refinery Outperforms Sector Amid Cautious Market Sentiment
Mangalore Refinery & Petrochemicals Ltd. experienced significant trading activity, outperforming its sector and achieving a notable gain over three days. The stock is currently above its short-term moving averages, while its longer-term averages remain lower. Recent performance contrasts with the broader market trends.
Mangalore Refinery & Petrochemicals Ltd. has shown notable activity today, with a 3.17% increase in its stock price on January 20, 2025. This performance has allowed the stock to outperform its sector by 2.13%. Over the past three days, Mangalore Refinery has accumulated a total gain of 5.13%. On this trading day, the stock reached an intraday high of Rs 145.2, marking a rise of 3.31%.In terms of technical indicators, Mangalore Refinery is currently trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. The stock's one-day performance of 3.09% significantly surpasses the Sensex, which recorded a modest gain of 0.39%. Over the past month, Mangalore Refinery has achieved a performance of 1.90%, in contrast to the Sensex's decline of 1.44%. Despite these recent gains, there are indications of a cautious outlook for the stock.
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