Strong Momentum Drives Stock to New Heights
The stock of Manaksia Aluminium Company Ltd, operating within the Non - Ferrous Metals sector, demonstrated robust momentum by hitting an intraday high of Rs.63.45 on 19 Jan 2026. This represents a remarkable gain of 7.32% on the day, with the stock opening at a gap-up price, 4.58% higher than the previous close. The day’s performance outpaced the sector by 5.27%, underscoring the stock’s relative strength.
Notably, Manaksia Aluminium has been on a consistent upward trajectory, recording gains for six consecutive trading sessions. Over this period, the stock has delivered an impressive cumulative return of 95.7%, reflecting sustained investor confidence and positive price action.
The current price level is a substantial advance from its 52-week low of Rs.17.76, highlighting the stock’s significant recovery and growth over the past year. This performance starkly contrasts with the broader market, where the Sensex has experienced a decline of 3.25% over the last three weeks and remains 3.84% below its own 52-week high of 86,159.02.
Technical Indicators Confirm Uptrend
From a technical perspective, Manaksia Aluminium 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 signals a strong bullish trend and suggests that the stock’s upward momentum is well supported by market dynamics.
The stock’s current Mojo Score stands at 54.0, reflecting a Hold rating, which is an upgrade from its previous Sell grade as of 6 Jan 2026. This improvement in the Mojo Grade indicates a positive reassessment of the stock’s quality and market standing by analytical models.
Market capitalisation metrics also support the stock’s profile, with a Market Cap Grade of 4, indicating a mid-tier valuation relative to its peers in the Non - Ferrous Metals industry.
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Comparative Performance Highlights
Over the past year, Manaksia Aluminium Company Ltd has outperformed the Sensex significantly, delivering a total return of 104.62% compared to the Sensex’s 8.31% gain. This outperformance underscores the stock’s resilience and ability to generate value in a volatile market.
Despite the broader market’s recent weakness, with the Sensex falling by 521.87 points (-0.72%) on the day and trading below its 50-day moving average, Manaksia Aluminium’s stock has maintained a strong upward trajectory. The Sensex’s 50-day moving average remains above its 200-day moving average, indicating that the broader market still retains some underlying strength despite short-term fluctuations.
The stock’s sector, Non - Ferrous Metals, has seen mixed performance, but Manaksia Aluminium’s gains have notably outpaced sector averages, reflecting company-specific factors driving the rally.
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Factors Underpinning the Rally
The sustained rally in Manaksia Aluminium’s stock price can be attributed to a combination of strong market sentiment towards the Non - Ferrous Metals sector and the company’s solid fundamentals as reflected in its improved Mojo Grade. The stock’s ability to maintain gains above all major moving averages suggests robust buying interest and technical strength.
Additionally, the stock’s gap-up opening and intraday high indicate positive momentum carried over from previous sessions, supported by consistent gains over six days. This pattern reflects a well-established uptrend that has propelled the stock to its current peak.
While the broader market has faced headwinds, Manaksia Aluminium’s performance highlights its relative strength and capacity to generate substantial returns over the past year, more than doubling in value from its 52-week low.
Market Context and Outlook
On 19 Jan 2026, the Sensex opened flat but declined by 521.87 points to close at 82,972.62, reflecting a cautious market environment. Despite this, Manaksia Aluminium’s stock has demonstrated resilience, continuing its upward momentum and setting new price records.
The stock’s current Mojo Score of 54.0 and Hold rating, upgraded from Sell earlier this month, suggest a stabilising outlook from a quality perspective. The Market Cap Grade of 4 places the company in a moderate valuation bracket within its sector, balancing growth potential with market expectations.
Overall, Manaksia Aluminium Company Ltd’s achievement of a new 52-week high at Rs.63.45 marks a significant milestone, underscoring the stock’s strong performance and technical robustness amid a fluctuating market backdrop.
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