Maan Aluminium's Stock Sees 7.33% Increase, Outperforms Sector Despite 'Sell' Call

Oct 28 2024 11:15 AM IST
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Maan Aluminium's stock price increased by 7.33% on October 28, 2024, in line with the sector's 2.66% gain. Despite a 'Sell' call from MarketsMojo, the stock has outperformed the sector by 1.85% and showed a trend reversal after two days of decline. Moving averages suggest a mixed trend in the short term. Compared to the Sensex, the stock has performed better in the past day and month, with a 8.54% and 61.91% increase respectively. However, investors should carefully consider the 'Sell' call before making any investment decisions.

Maan Aluminium, a smallcap company in the aluminium and aluminium products industry, saw a 7.33% increase in its stock price on October 28, 2024. This was in line with the overall performance of the sector, which gained 2.66% on the same day.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Maan Aluminium's stock is 'Sell'. However, the stock has outperformed the sector by 1.85% and has shown a trend reversal after two consecutive days of falling. It opened with a gap down of -3.27% but touched an intraday high of Rs 225.3 (5.18%) and an intraday low of Rs 207.2 (-3.27%).

The stock's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day moving averages, but lower than the 5-day moving average. This indicates a mixed trend for the stock in the short term.

In comparison to the Sensex, Maan Aluminium's stock has performed significantly better in the past 1 day and 1 month, with a 8.54% and 61.91% increase respectively, while the Sensex has only seen a 0.96% and -6.31% change in the same time periods.

Overall, Maan Aluminium's stock has shown a positive performance in the past day and month, but investors should carefully consider the current 'Sell' call by MarketsMOJO before making any investment decisions.
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