Manaksia Coated Metals Hits Day Low at Rs 145.95 Amid Price Pressure

Nov 06 2025 11:47 AM IST
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Manaksia Coated Metals & Industries has faced a significant decline, with the stock dropping notably today and continuing a downward trend over the past two days. Despite a strong yearly gain, recent performance shows mixed results, highlighting a complex market environment for the small-cap iron and steel products company.
Manaksia Coated Metals & Industries has experienced a notable decline today, with the stock falling by 7.14% as of November 6, 2025. The stock reached an intraday low of Rs 145.95, reflecting a decrease of 6.95% at its lowest point. This performance marks a continuation of a downward trend, as the stock has now lost 9.82% over the past two days.

In terms of market positioning, Manaksia Coated Metals & Industries has underperformed compared to its sector, lagging by 5.75% today. The stock's performance over various time frames shows a mixed picture; while it has gained 129.83% over the past year, it has seen a decline of 2.31% over the last three months.

Despite the recent downturn, the stock remains above its 100-day and 200-day moving averages, although it is currently below its 5-day, 20-day, and 50-day moving averages. This indicates a complex market environment for the small-cap iron and steel products company, as it navigates through recent fluctuations in stock performance.
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