Maan Aluminium Faces Increased Selling Pressure Amid Broader Market Declines

Maan Aluminium Ltd, a microcap company in the Non-Ferrous Metals industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 124.9, reflecting a decline of Rs 1.43 or 1.13% from the previous close. The stock's performance today underperformed the sector, which saw a 1D return of -0.42%, while the Sensex also fell by 0.94%.
The stock reached an intraday high of Rs 126.0 and a low of Rs 120.01, indicating a price band of 5%. Total traded volume was approximately 0.14395 lakh shares, resulting in a turnover of Rs 0.1759 crore. Notably, Maan Aluminium has been on a downward trend, with a consecutive fall over the last four days, accumulating a total decline of 5.96% during this period.

Investor participation appears to be waning, with delivery volume dropping by 90.27% compared to the five-day average. Despite being above the 20-day, 50-day, and 100-day moving averages, the stock remains below the 5-day and 200-day moving averages. Overall, Maan Aluminium's performance today reflects ongoing challenges within the market context.