Manali Petro is essentially a commodity products company. The main thesis for investing here was imposition of anti dumping duty which could have benefitted it. But that is taking a long time and still no news on that front.
Compared to that, companies like OAL have slightly more niche products, and has a broader basket of products.
On charts support for Manali could be 55 and on way up, 85 which was previously an important resistance again assumes importance. Things can change if ADD comes around, else it can remain sideways. ( My view, and it could go wrong)
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