Manaksia Coated Metals Surges 10.27%, Approaches 52-Week High Amid Strong Buying Activity

Manaksia Coated Metals & Industries Ltd is witnessing significant buying activity, with the stock rising 10.27% today, markedly outperforming the Sensex, which gained only 0.17%. Over the past week, the stock has increased by 5.54%, while the Sensex declined by 0.98%. In the last month, Manaksia has shown a robust performance with a 15% increase compared to the Sensex's modest 1.12% rise.
The stock has been on a positive trajectory, gaining consecutively for the last two days, accumulating a total return of 12.02% during this period. It opened with a gap up of 2.25% today and reached an intraday high of Rs 144.9. Currently, it is just 3.8% away from its 52-week high of Rs 150.4.

Manaksia's performance over longer periods is also noteworthy, with a staggering 652.73% increase over three years and an impressive 2798% over five years, significantly outpacing the Sensex's respective gains of 53.86% and 126.79%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.