Maan Aluminium Ltd Stock Rises 2.99%, Reaches Intraday High of Rs 112.2 Amid Strong Demand

Maan Aluminium Ltd is witnessing significant buying activity, with the stock rising by 2.99% today, contrasting sharply with the Sensex, which has dipped by 0.07%. Over the past week, Maan Aluminium has shown a robust performance, gaining 5.87%, while the Sensex has only increased by 0.62%. However, the stock's performance over the last month reflects a decline of 1.21%, compared to a slight gain of 0.44% for the Sensex.
Today, Maan Aluminium reached an intraday high of Rs 112.2, marking a 4.96% increase. Despite this positive movement, the stock has underperformed its sector, which has gained 2.95%. The stock's moving averages indicate it is above the 5-day and 200-day averages but below the 20-day, 50-day, and 100-day averages, suggesting mixed short-term trends.

The buying pressure may be attributed to various factors, including sector performance and market sentiment towards non-ferrous metals. Over the long term, Maan Aluminium has shown impressive growth, with a 3-year increase of 180.78% and a staggering 5-year increase of 1118.26%, significantly outperforming the Sensex during these periods.