Stock Performance and Recent Gains
On 6 January 2026, Manaksia Aluminium Company Ltd recorded an intraday high of Rs.37.55, representing an 11.92% increase from the previous close. The stock opened with a notable gap up of 8.35%, signalling strong buying interest at the start of the trading day. Over the past three consecutive sessions, the share price has appreciated by 25.48%, underscoring sustained upward momentum.
This rally has outpaced the broader Non - Ferrous Metals sector, which gained 2.2% on the same day. Specifically, Manaksia Aluminium outperformed its sector peers by 5.85%, highlighting its relative strength within the industry.
Technical Indicators and Moving Averages
From a technical standpoint, the stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages is often interpreted as a bullish signal, indicating that the stock’s short-term price action is supported by longer-term trends.
The 52-week low for Manaksia Aluminium was Rs.17.76, illustrating a substantial recovery and growth trajectory over the past year. The current price level of Rs.37.55 represents a gain of over 111% from that low point, while the stock’s one-year performance stands at 20.36%, significantly outperforming the Sensex’s 9.35% return over the same period.
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Market Context and Sector Dynamics
The broader market environment on 6 January 2026 saw the Sensex open lower by 108.48 points, trading at 85,269.39, down 0.2%. Despite this, the Sensex remains close to its own 52-week high of 86,159.02, just 1.04% away. The index is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a generally bullish market trend.
Within this context, Manaksia Aluminium’s outperformance is notable, especially given the subdued market tone. The Non - Ferrous Metals sector’s 2.2% gain on the day further emphasises the sector’s positive momentum, with Manaksia Aluminium leading the charge among its peers.
Mojo Score and Ratings Update
Manaksia Aluminium Company Ltd currently holds a Mojo Score of 40.0, categorised as a Sell rating. This represents an upgrade from its previous Strong Sell grade, which was revised on 31 December 2025. The company’s market capitalisation grade stands at 4, reflecting its micro-cap status within the Non - Ferrous Metals industry.
While the Mojo Grade remains on the cautious side, the recent price action and technical indicators suggest a notable shift in market sentiment towards the stock.
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Summary of Key Metrics
To summarise, Manaksia Aluminium Company Ltd’s stock has demonstrated remarkable strength by reaching Rs.37.55, its highest level in 52 weeks. The stock’s three-day gain of 25.48% and outperformance relative to both its sector and the Sensex highlight a period of strong price appreciation.
The alignment above all major moving averages supports the technical momentum, while the upgrade in Mojo Grade from Strong Sell to Sell indicates a modest improvement in the company’s overall assessment. The stock’s market capitalisation grade of 4 places it among smaller companies in the Non - Ferrous Metals sector, which may contribute to its volatility and price swings.
Despite a slightly negative broader market on the day, Manaksia Aluminium’s performance stands out as a key highlight within the sector and the wider market landscape.
Historical Price Context
Looking back over the past year, the stock’s low of Rs.17.76 contrasts sharply with the current price, reflecting a strong recovery and growth phase. The 20.36% annual return surpasses the Sensex’s 9.35% gain, underscoring the stock’s relative outperformance over the last 12 months.
This price trajectory illustrates the stock’s ability to rebound and sustain gains amid varying market conditions, supported by sectoral tailwinds and company-specific developments.
Conclusion
Manaksia Aluminium Company Ltd’s achievement of a new 52-week high at Rs.37.55 marks a significant milestone in its stock market journey. The combination of strong recent gains, technical strength, and relative outperformance within the Non - Ferrous Metals sector highlights the stock’s current positive momentum. While the Mojo Score remains cautious, the recent upgrade and price action suggest a noteworthy shift in the company’s market standing as of early January 2026.
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