Manaksia Coated Metals Hits Upper Circuit, Showcases Resilience in Engineering Sector

Manaksia Coated Metals & Industries Ltd, a microcap player in the engineering sector, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 82.59, reflecting a 5% increase from the previous close. This performance marks a notable achievement, as the stock has been on a positive trajectory, gaining 8.56% over the last four days.
Today's trading saw a total volume of approximately 0.25489 lakh shares, resulting in a turnover of Rs 0.208 crore. The stock's last traded price stands at Rs 82.59, with a low of Rs 77.15 during the session. Notably, Manaksia Coated Metals & Industries has outperformed its sector by 3.94% today, while the broader market, represented by the Sensex, recorded a 0.51% gain.

Despite a decline in delivery volume, which fell by 78.44% against the five-day average, the stock remains liquid enough for trading activities. Overall, Manaksia Coated Metals & Industries Ltd's performance today highlights its strong market position and resilience in the engineering sector.