Manaksia Aluminium Faces Significant Volatility Amidst Ongoing Market Challenges

Feb 17 2025 11:05 AM IST
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Manaksia Aluminium Company has faced notable volatility, reaching a new 52-week low. The stock opened higher but closed lower, marking a three-day decline of over 10%. It is trading below multiple moving averages and has seen a significant year-over-year drop, contrasting with broader market gains.
Manaksia Aluminium Company, a microcap player in the non-ferrous metal industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 23. The stock opened with a gain of 4.51%, hitting an intraday high of Rs. 25.47, but ultimately closed lower, underperforming its sector by 3.75%. Over the past three days, the stock has seen a consecutive decline, with a total drop of 10.23%.

Today's trading session highlighted the stock's high volatility, with an intraday fluctuation of 6.93%. Additionally, Manaksia Aluminium is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

Over the past year, the company's performance has been notably poor, with a decline of 34.20%, contrasting sharply with the Sensex, which has gained 4.52% during the same period. These metrics reflect the ongoing challenges faced by Manaksia Aluminium Company in the current market landscape.
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