Manaksia Coated Metals Reaches All-Time High Amid Strong Market Performance
Manaksia Coated Metals & Industries has demonstrated notable activity, reaching an intraday high and showing strong performance in the Iron & Steel Products sector. The stock is nearing its 52-week high and has exhibited impressive gains over various time frames, indicating a robust growth trajectory.
Manaksia Coated Metals & Industries has shown significant activity today, reflecting its strong position in the Iron & Steel Products industry. The stock reached an intraday high of Rs 149.8, marking a 6.24% increase for the day. Notably, it has outperformed its sector by 6.34%, indicating robust market performance.Currently, the stock is just 1.01% away from its 52-week high of Rs 150.4, demonstrating its upward momentum. After experiencing two consecutive days of decline, today's performance marks a trend reversal, highlighting the stock's resilience.
In terms of moving averages, Manaksia Coated is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong bullish trend. Over various time frames, the stock has exhibited impressive performance metrics: a 1-day increase of 5.99%, a 1-week rise of 15.54%, and a remarkable 137.22% gain over the past year. Furthermore, its 3-year and 5-year performances stand out at 636.21% and 2889.00%, respectively, showcasing the company's substantial growth trajectory in the market.
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