Maan Aluminium Hits Upper Circuit Limit, Signaling Strong Market Resilience

Maan Aluminium Ltd, a player in the Non-Ferrous Metals industry, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 106.75, reflecting a notable increase of 5.08 points or 5% from its previous close. This performance outpaced the sector's average return of 0.94% and the broader market's Sensex return of 0.14%.
The total traded volume for Maan Aluminium today was approximately 0.23503 lakh shares, resulting in a turnover of Rs 0.2486 crore. The stock's last traded price stands at Rs 106.75, which is higher than its 5-day moving average, although it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

Despite a decline in delivery volume, which fell by 34.66% against the 5-day average, Maan Aluminium's liquidity remains adequate for trading. The company's market capitalization is currently valued at Rs 556.00 crore, categorizing it as a microcap stock. Overall, Maan Aluminium's performance today highlights its resilience in the market, reflecting positive momentum within its sector.