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Manaksia Steels Ltd
Manaksia Steels Ltd Plunges to Lower Circuit Amid Heavy Selling Pressure
Manaksia Steels Ltd, a micro-cap player in the ferrous metals sector, witnessed a sharp decline on 9 Jan 2026, hitting its lower circuit limit of Rs 62.42, marking a maximum daily loss of 4.99%. The stock underperformed both its sector and the broader market, reflecting intense selling pressure and a wave of panic selling among investors.
Manaksia Steels Ltd Hits Lower Circuit Amid Heavy Selling Pressure
Manaksia Steels Ltd, a micro-cap player in the ferrous metals sector, witnessed a sharp decline on 8 January 2026, hitting its lower circuit limit with a maximum daily loss of 4.99%. The stock closed at ₹65.7, down ₹3.45 from the previous close, reflecting intense selling pressure and panic among investors amid a broader sectoral downturn.
Manaksia Steels Ltd Surges to Upper Circuit on Robust Buying Momentum
Manaksia Steels Ltd (Stock ID: 939595) witnessed a remarkable rally on 5 Jan 2026, hitting its upper circuit limit with a 3.56% gain to close at ₹71.29. The ferrous metals company demonstrated strong buying pressure amid rising investor participation, outperforming its sector and broader market indices. This surge reflects renewed optimism in the stock, supported by improved fundamentals and technical strength.
Manaksia Steels Ltd is Rated Buy
Manaksia Steels Ltd is rated 'Buy' by MarketsMOJO, with this rating last updated on 02 January 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 05 January 2026, providing investors with the most up-to-date insight into the company’s performance and outlook.
Manaksia Steels Ltd Falls 8.05%: 3 Key Events Shaping the Week
Manaksia Steels Ltd experienced a turbulent week, closing at Rs.68.27 on 2 Jan 2026, down 8.05% from the previous Friday’s close of Rs.74.25. This contrasted sharply with the Sensex’s 1.35% gain over the same period, highlighting the stock’s significant underperformance amid volatile trading marked by two lower circuit hits and a brief upper circuit surge.
Manaksia Steels Ltd Hits Lower Circuit Amid Heavy Selling Pressure
Manaksia Steels Ltd witnessed a sharp decline on 2 Jan 2026, hitting its lower circuit limit of 5%, closing at ₹68.84. The stock faced intense selling pressure, underperforming its sector and broader market indices, as panic selling and unfilled supply weighed heavily on investor sentiment.
Manaksia Steels Ltd Surges to Upper Circuit on Robust Buying Pressure
Manaksia Steels Ltd (Stock ID: 939595) witnessed a remarkable rally on 31 Dec 2025, hitting its upper circuit price limit of Rs 70.98, marking a maximum daily gain of 4.29%. This surge was driven by strong buying interest despite an initial gap down opening, signalling renewed investor confidence in the ferrous metals micro-cap amid sectoral gains and improving technical indicators.
Manaksia Steels Ltd Hits Lower Circuit Amid Heavy Selling Pressure
Manaksia Steels Ltd, a micro-cap player in the ferrous metals sector, witnessed a sharp decline on 30 Dec 2025, hitting its lower circuit limit as panic selling gripped the stock. The share price plunged by nearly 5%, marking the maximum permissible daily loss and reflecting intense selling pressure amid subdued investor participation and unfilled supply.
Manaksia Steels Ltd is Rated Hold
Manaksia Steels Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 8 December 2025. However, the analysis and financial metrics discussed here reflect the company’s current position as of 25 December 2025, providing investors with the latest insights into its performance and outlook.
Manaksia Steels Hits Upper Circuit Amid Robust Buying Pressure and Market Enthusiasm
Manaksia Steels Ltd witnessed a significant surge in trading activity on 23 Dec 2025, hitting its upper circuit limit of 10% and closing at ₹77.00. This movement reflects strong buying interest and heightened investor participation in the ferrous metals sector, with the stock outperforming its peers and broader market indices.
Manaksia Steels Hits New 52-Week High of Rs.75.9, Marking Strong Momentum
Manaksia Steels has reached a significant milestone by touching a new 52-week high of Rs.75.9 today, reflecting robust momentum in the ferrous metals sector amid a volatile market environment.
Manaksia Steels Evaluation Reflects Mixed Signals Amid Market Volatility
Manaksia Steels, a key player in the ferrous metals sector, has experienced a shift in its market assessment driven by nuanced changes across quality, valuation, financial trends, and technical indicators. This comprehensive review explores the factors influencing the company’s current standing amid a challenging market environment.
Why is Manaksia Steels falling/rising?
On 05-Dec, Manaksia Steels Ltd witnessed a notable decline in its share price, falling by 4.22% to close at ₹59.17. This drop reflects a continuation of recent downward momentum, with the stock underperforming both its sector and the broader market benchmarks.
Manaksia Steels Sees Shift in Market Assessment Amid Positive Financial and Technical Signals
Manaksia Steels has experienced a notable revision in its market evaluation, reflecting a combination of encouraging financial results and evolving technical indicators. The company’s recent quarterly performance, alongside shifts in market trends, has contributed to a fresh analytical perspective on its investment potential within the ferrous metals sector.
How has been the historical performance of Manaksia Steels?
Manaksia Steels has experienced a decline in net sales and operating profit from March 2022 to March 2025, with net sales dropping from INR 742.38 crore to INR 634.26 crore and operating profit falling from INR 61.36 crore to INR 27.32 crore. However, cash flow from operating activities improved to INR 13 crore in March 2025 after a previous negative cash flow.
Manaksia Steels Hits Upper Circuit Amid Strong Buying Pressure
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 Surges with Unprecedented Buying Interest, Eyes Multi-Day Upper Circuit
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.
Is Manaksia Steels overvalued or undervalued?
As of November 17, 2025, Manaksia Steels is considered undervalued with a PE ratio of 23.76 and strong growth potential, outperforming peers like JSW Steel and Jindal Steel, and delivering a 78.91% return over three years compared to the Sensex's 37.57%.
How has been the historical performance of Manaksia Steels?
Manaksia Steels has experienced declining net sales and profits from March 2022 to March 2025, with total liabilities increasing and a recent positive cash flow from operations. Overall, the company faces challenges in revenue and profitability.
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