Manaksia Aluminium Surges 31.13% in a Week: 4 Key Drivers Behind the Rally

Monday, 5 January: New 52-Week High at Rs.35 Signals Strong Momentum

Manaksia Aluminium began the week with a powerful rally, hitting a new 52-week high of Rs.35 on 5 Jan 2026. The stock closed at Rs.33.55, up 14.51% on the day, despite the Sensex declining 0.18%. The session opened with an 11.6% gap up, reflecting robust buying interest. Intraday volatility was notable at 5.2%, underscoring active trading participation.

Technically, the stock traded above all major moving averages (5-day through 200-day), indicating a sustained bullish trend. This price action marked a cumulative two-day gain of 13.85%, outperforming its sector peers by 11.13%. The broader market was relatively flat, with the Sensex near its own 52-week high, providing a supportive backdrop.

Tuesday, 6 January: Upper Circuit Surge to Rs.40.26 Caps a Historic Rally

The rally accelerated on 6 Jan 2026, with Manaksia Aluminium surging 20% to hit its upper circuit limit, closing at Rs.40.26. This represented a massive intraday gain of 20%, with the stock opening 8.35% higher than the previous close. The intraday range spanned from Rs.34.50 to Rs.40.26, reflecting strong volatility and buying pressure.

Trading volumes soared to 38.57 lakh shares, with a turnover of approximately Rs.15.10 crore. Delivery volumes on 5 Jan had spiked by over 8,000%, signalling genuine investor participation rather than speculative trading. The stock outperformed the Non-Ferrous Metals sector’s 2.23% gain and the Sensex’s 0.37% decline, highlighting its relative strength.

Technically, the stock maintained its position above all key moving averages, continuing a 12-session winning streak that delivered a 73.84% return over this period. Despite this surge, Manaksia Aluminium remains a micro-cap with a market capitalisation of Rs.246 crore, which contributes to its price volatility.

Wednesday, 7 January: Profit Booking Triggers 5.33% Decline

Following the extraordinary gains, the stock corrected on 7 Jan 2026, closing at Rs.36.76, down 5.33%. This pullback coincided with a modest Sensex gain of 0.03%, suggesting some profit booking amid a volatile market. Volume declined sharply to 1.5 lakh shares, indicating reduced trading activity.

The correction was a natural response to the prior two days’ sharp advances, allowing the stock to consolidate its gains. Despite the dip, Manaksia Aluminium remained well above all key moving averages, maintaining its medium-term bullish technical setup.

Thursday, 8 January: Sharp 12.08% Drop Amid Broader Market Weakness

The downward momentum intensified on 8 Jan 2026, with the stock plunging 12.08% to close at Rs.32.32. This decline occurred alongside a significant Sensex drop of 1.41%, reflecting broader market weakness. Trading volume further decreased to 89,876 shares, indicating cautious investor sentiment.

This sharp correction tested the stock’s resilience but did not breach key moving averages, suggesting underlying support. The decline was partly attributable to profit-taking after the recent rally and a challenging market environment.

Friday, 9 January: Strong Rebound with 18.87% Gain to Close Week

Manaksia Aluminium rebounded impressively on the final trading day of the week, surging 18.87% to close at Rs.38.42. This strong recovery came despite the Sensex falling 0.89%, underscoring the stock’s relative strength. Volume increased to 1.59 lakh shares, signalling renewed buying interest.

The rebound capped a volatile but ultimately bullish week, with the stock ending well above its opening price. The technical picture remains positive, with the stock trading comfortably above all major moving averages, supported by strong delivery volumes and sustained investor interest.

Key Takeaways from the Week

Strong Outperformance: Manaksia Aluminium’s 31.13% weekly gain vastly outpaced the Sensex’s 2.62% decline, highlighting exceptional relative strength amid a weak market.

Technical Momentum: The stock consistently traded above all major moving averages, signalling robust medium- and long-term bullish trends despite midweek corrections.

Volatility and Volume: The week featured high volatility with a 20% upper circuit surge and sharp corrections. Delivery volumes surged dramatically, indicating genuine investor participation rather than speculative trading.

Micro-Cap Risks: Despite the rally, the company’s micro-cap status (market cap Rs.246 crore) suggests heightened price volatility and liquidity considerations for investors.

Mojo Grade and Sentiment: The MarketsMOJO Mojo Score improved to 40.0 with a ‘Sell’ rating, upgraded from ‘Strong Sell’, reflecting cautious optimism amid strong price action.

Conclusion: A Volatile Yet Remarkable Week for Manaksia Aluminium

Manaksia Aluminium Company Ltd’s week was defined by extraordinary price swings, culminating in a 31.13% gain that dwarfed the broader market’s decline. The stock’s ability to hit multiple 52-week highs and an upper circuit lock-up reflects strong buying interest and technical strength. However, the midweek corrections and micro-cap status underscore the inherent volatility and risk associated with the stock.

While the MarketsMOJO rating remains cautious with a ‘Sell’ grade, the recent upgrade from ‘Strong Sell’ and the robust price momentum suggest a stock in transition. Investors should weigh the compelling short-term gains against the risks of volatility and liquidity constraints. The coming weeks will be critical to observe whether this momentum can be sustained amid broader market pressures.

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