Manaksia Steels Ltd

Manaksia Steels Ltd witnessed a robust trading session on 28 Nov 2025, hitting its upper circuit limit with a maximum daily gain of 4.99%, reflecting strong buying interest and a notable reversal after a four-day decline. The stock outperformed its sector and broader market indices, signalling renewed investor enthusiasm in the ferrous metals space.

Manaksia Steels Ltd has witnessed extraordinary buying momentum, registering a sharp gain of 4.98% today and trading exclusively with buy orders in the queue. This rare market phenomenon signals robust investor enthusiasm and the potential for a sustained multi-day upper circuit scenario in the ferrous metals sector.

Manaksia Steels Ltd, a microcap in the Ferrous Metals industry, reached its upper circuit limit today, reflecting a notable increase. The stock has gained for four consecutive days, outperforming its sector and showing strong trading volume and delivery participation, indicating positive momentum in the market.

Manaksia Steels Ltd is experiencing notable buying activity, with the stock outperforming the Sensex. It has shown strong performance over the past week and month, achieving consecutive gains and trading above key moving averages. This trend reflects positive market sentiment and the company's robust metrics in the ferrous metals sector.

Manaksia Steels has recently experienced a quality grade adjustment, reflecting a reassessment of its financial health. Despite a sales growth rate of 8.20% and a long-term return of 460.35%, concerns arise from its average return on capital employed and operational metrics, indicating potential challenges ahead.

Manaksia Steels, a microcap in the ferrous metals sector, has shown an 8.20% sales growth and a 5.62% EBIT growth over five years. While it maintains a reasonable EBIT to interest ratio, its debt metrics may raise concerns. The company has below-average quality compared to some peers in the industry.

Manaksia Steels Ltd., a Kolkata-based manufacturer of cold rolled, galvanised, and colour-coated steel products, reported a mixed performance in Q2 FY2026, with net sales surging 151.48% year-on-year to ₹262.67 crores but net profit declining 30.66% quarter-on-quarter to ₹4.50 crores. Despite the impressive top-line growth, the company's profitability came under pressure due to rising interest costs and normalising other income, raising questions about operational sustainability.

Manaksia Steels Ltd has experienced notable trading activity, reaching its upper circuit limit and achieving an intraday high. The stock has gained for three consecutive days, with significant trading volume. Despite a decrease in delivery volume, it remains above key moving averages, indicating strong performance in the market.

Manaksia Steels Ltd is experiencing notable buying activity, with the stock rising significantly today, while the Sensex has declined. Over the past week and month, Manaksia has outperformed the index. The stock has shown resilience, trading above key moving averages, indicating strong buyer interest in the ferrous metals sector.

Manaksia Steels Ltd experienced notable trading activity today, reaching its upper circuit limit with a high of Rs 61.45. The stock showed volatility, with an intraday low of Rs 57.26, and total traded volume was around 0.16899 lakh shares. Despite this achievement, it underperformed its sector and faced declining delivery volume.