Surge in Investor Interest Drives Manaksia Coated Metals to Circuit Limit

Mar 20 2025 10:00 AM IST
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Manaksia Coated Metals & Industries Ltd has gained attention by reaching its upper circuit limit, with notable trading activity and increased investor participation. The stock has outperformed its sector and is trading above several moving averages, indicating strong market interest and engagement from investors.
Manaksia Coated Metals & Industries Ltd, a microcap player in the engineering sector, has made headlines today by hitting its upper circuit limit. The stock reached a high price of 83.55, reflecting a notable change of 3.37, which translates to a percentage increase of 4.23. The last traded price stood at 82.95, with a price band of 5%.

Today's trading activity saw a total volume of 0.12564 lakh shares, resulting in a turnover of approximately Rs 0.1039 crore. The stock has outperformed its sector by 2.5%, showcasing strong performance indicators. Notably, it is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it remains below the 50-day moving average.

Investor participation has surged, with delivery volume on March 19 reaching 3.05 lakh shares, a staggering increase of 5704.41% compared to the 5-day average. This heightened activity indicates a robust interest in the stock, which is liquid enough for trades of Rs 0.03 crore based on 2% of the 5-day average traded value.

In summary, Manaksia Coated Metals & Industries Ltd has demonstrated significant upward momentum today, reflecting strong market performance and investor engagement.
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