Manaksia Coated Metals Achieves All-Time High Stock Price Amid Strong Market Momentum
Manaksia Coated Metals & Industries achieved a historic stock price of Rs. 156.25, reflecting strong market momentum in the iron and steel sector. The company reported significant financial growth, including a 178.53% increase in net profit and a low debt-equity ratio, outperforming the BSE500 index over multiple periods.
Manaksia Coated Metals & Industries has made headlines today as its stock price reached an all-time high of Rs. 156.25, marking a significant milestone for the small-cap player in the iron and steel products industry. The stock opened with a notable gain of 9.96% and outperformed its sector by 9.74%, reflecting strong market momentum.Today's trading session saw the stock touch an intraday high of Rs. 156.25, representing a 10.04% increase. Despite a narrow trading range of just Rs. 0.1, the stock exhibited high volatility, with an intraday volatility rate of 672.75%. Manaksia Coated is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating robust short- to long-term performance.
The company has demonstrated impressive financial metrics, including a remarkable 178.53% growth in net profit and a debt-equity ratio of 0.63 times, the lowest in its history. With net sales reaching Rs. 249.80 crore, Manaksia Coated has consistently outperformed the BSE500 index over various time frames, including a staggering 687.15% increase over the past three years.
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