Manaksia Coated Metals Achieves 52-Week High Amid Strong Financial Performance
Manaksia Coated Metals & Industries has achieved a new 52-week high in its stock price, reflecting strong performance in the iron and steel sector. The company reported significant net profit growth and maintains a solid balance sheet, with a low debt-equity ratio and impressive returns over the past year.
Manaksia Coated Metals & Industries has made headlines today as its stock price reached a new 52-week high of Rs. 165.65, marking a significant milestone for the small-cap company in the iron and steel products sector. The stock has shown impressive performance, outperforming its sector by 3.49% and achieving a remarkable 14.23% gain over the past two days.Today's trading session saw the stock touch an intraday high of Rs. 165.65, reflecting a 6.02% increase. Notably, the stock exhibited high volatility, with an intraday volatility rate of 433.15%. Manaksia Coated is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
In terms of financial health, the company reported a substantial net profit growth of 178.53% in its latest quarterly results, alongside a robust operating profit to interest ratio of 3.15 times. The debt-equity ratio stands at a low 0.63 times, showcasing a solid balance sheet. Over the past year, Manaksia Coated has delivered an impressive 149.73% return, significantly outpacing the Sensex's 2.99% performance.
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