Maan Aluminium Ltd Hits Lower Circuit Limit with Intraday Low of Rs 103.46

Maan Aluminium Ltd, a microcap company in the Non-Ferrous Metals industry, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 106.82, reflecting a decline of Rs 2.09 or 1.92% from the previous trading session. Notably, Maan Aluminium reached an intraday low of Rs 103.46, marking a 5% drop during the day.
The stock has been on a downward trend, underperforming its sector by 0.59% and recording a total decline of 5.31% over the past four days. Today's trading volume was approximately 0.1413 lakh shares, resulting in a turnover of Rs 0.1493 crore. The weighted average price indicates that more volume was traded closer to the low price, suggesting a lack of upward momentum.

Maan Aluminium is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased, with delivery volume falling by 39.04% compared to the 5-day average. Overall, Maan Aluminium's performance today reflects ongoing challenges in the market.