Manaksia Coated Metals Hits Record High Amid Strong Market Performance
Manaksia Coated Metals & Industries has achieved an all-time high stock price of Rs. 115, reflecting its strong market performance. The stock has been added to MarketsMojo's list following a revision in its score, driven by impressive returns and consistent gains over recent trading sessions, outperforming its sector significantly.
Manaksia Coated Metals & Industries has recently achieved a significant milestone, reaching an all-time high of Rs. 115 on December 30, 2024. This microcap company, operating within the engineering sector, has demonstrated impressive performance metrics, notably outperforming its sector by 2.21% today.Over the past three days, the stock has shown a remarkable upward trend, accumulating returns of 11.11%. It opened with a gain of 2.72% today and reached an intraday high of Rs. 115, reflecting strong market activity. The stock has maintained a narrow trading range of Rs. 0.81, indicating stability in its price movements.
In terms of moving averages, Manaksia Coated Metals is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a robust short- to long-term performance. Over the past year, the company has achieved an impressive return of 299.65%, significantly outpacing the Sensex, which recorded a performance of 8.76%. This strong performance underscores the company's position in the market and its operational effectiveness within the engineering industry.
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