Manaksia Coated Metals Hits New 52-Week High of Rs. 182.8
Manaksia Coated Metals & Industries has achieved a new 52-week high of Rs. 182.8, reflecting strong performance in the Iron & Steel Products sector. The stock has gained significantly over the past two days and is trading above key moving averages, highlighting its upward momentum and robust market position.
Manaksia Coated Metals & Industries has reached a significant milestone by hitting a new 52-week high of Rs. 182.8 today. This achievement marks a notable performance for the small-cap company within the Iron & Steel Products industry. The stock has shown impressive momentum, outperforming its sector by 1.63% and gaining 13.34% over the past two days.Today, Manaksia Coated opened with a gap up of 3.06% and reached an intraday high of Rs. 182.8, reflecting a 5.57% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
In the broader market context, the Sensex has also been on an upward trajectory, climbing 360.79 points to reach 84,658.18, just 0.75% shy of its own 52-week high. Manaksia Coated's one-year performance stands out with a remarkable 196.51% return, significantly outpacing the Sensex's 6.66% gain during the same period. This performance underscores the company's robust financial health and market position.
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