Maan Aluminium Hits 52-Week High, Outperforms Market in Strong Performance

Oct 31 2024 03:35 PM IST
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Maan Aluminium, a smallcap company in the aluminium industry, hit a 52-week high on October 31, 2024. The stock has been performing well, with a current 'Sell' call by MarketsMojo. It opened with a 2.24% gain and has outperformed the sector by 6.26%. Despite high volatility, it is trading above its moving averages and has shown a strong growth of 84.46% in the past year, outperforming the market. With increasing demand for aluminium products in various sectors, Maan Aluminium has potential for continued growth.

Maan Aluminium, a smallcap company in the aluminium and aluminium products industry, has recently hit a 52-week high on October 31, 2024. The stock has been performing well, with a current stock call of 'Sell' by MarketsMOJO.

The stock opened today with a gain of 2.24% and has touched an intraday high of Rs. 254.4, outperforming the sector by 6.26%. It has also shown high volatility with an intraday volatility of 5.03%. Maan Aluminium is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Maan Aluminium has shown a strong performance with a growth of 84.46%, while the Sensex has only grown by 24.29%. This indicates that the company has been able to outperform the market despite being a smallcap company.

Maan Aluminium is a player in the aluminium and aluminium products industry, which has been witnessing a steady growth due to the increasing demand for these products in various sectors such as construction, automotive, and packaging. With its recent 52-week high, Maan Aluminium has shown its potential to continue its growth in the industry.
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