Key Events This Week
29 Dec: Stock opens week at Rs.70.73, down 4.74%
30 Dec: Hits lower circuit amid heavy selling pressure
31 Dec: Surges to upper circuit on robust buying
2 Jan: Hits lower circuit again, closing at Rs.68.27
29 December 2025: Week Opens with Sharp Decline
Manaksia Steels Ltd began the week on a weak note, closing at Rs.70.73, down 4.74% from the previous close of Rs.74.25. This drop was sharper than the Sensex’s 0.41% decline to 37,140.23, signalling early selling pressure. The volume was moderate at 4,842 shares, reflecting cautious investor sentiment amid subdued market conditions.
30 December 2025: Lower Circuit Triggered Amid Heavy Selling
The stock plunged further on 30 Dec 2025, hitting its lower circuit limit of 5%, closing at Rs.68.00, a 3.86% decline on the day. This marked intense selling pressure and panic among investors, with the stock underperforming the Sensex which was nearly flat, down 0.01%. The lower circuit activation reflected a sharp imbalance between sellers and buyers, with delivery volumes falling sharply by over 73% compared to the five-day average, indicating waning genuine investor interest. Despite the ferrous metals sector gaining 0.28% that day, Manaksia Steels Ltd’s sharp fall highlighted company-specific concerns and heightened volatility.
31 December 2025: Upper Circuit Rally Reverses Downtrend
In a dramatic turnaround, Manaksia Steels Ltd surged to its upper circuit limit of 5% on 31 Dec 2025, closing at Rs.70.01, a 2.96% gain from the previous day’s close. This rally outpaced the ferrous metals sector’s 2.42% gain and the Sensex’s 0.83% rise, signalling renewed buying interest. The stock opened lower at Rs.66.05 but recovered strongly, hitting an intraday high of Rs.70.98. However, delivery volumes remained subdued, down 72% from the five-day average, suggesting speculative buying rather than sustained accumulation. This upper circuit hit indicated a temporary shift in market sentiment, though the stock remained below its 5-day moving average, reflecting ongoing short-term volatility.
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1 January 2026: Moderate Gains Amid Low Volume
On 1 Jan 2026, Manaksia Steels Ltd continued its recovery, closing at Rs.71.86, up 2.64% on the day. The Sensex also rose modestly by 0.14%. Trading volume increased to 2,370 shares, but delivery volumes remained low, down over 51% from the five-day average. The stock’s price remained above key longer-term moving averages, signalling underlying support, though short-term volatility persisted as it traded below the 5-day moving average.
2 January 2026: Lower Circuit Hit Again Amid Panic Selling
The week ended on a negative note as Manaksia Steels Ltd hit the lower circuit limit of 5% once more on 2 Jan 2026, closing at Rs.68.27. Despite opening with an intraday high of Rs.74.80, the stock succumbed to intense selling pressure, reflecting a sharp reversal after two days of gains. This decline contrasted with the Sensex’s 0.81% gain and the ferrous metals sector’s 0.51% rise, underscoring the stock’s relative weakness. The total traded volume surged to 6,762 shares, with most trades occurring near the lower price band, signalling strong bearish sentiment. Delivery volumes continued to decline, indicating investor reluctance to hold positions amid uncertainty.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.70.73 | -4.74% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.68.00 | -3.86% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.70.01 | +2.96% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.71.86 | +2.64% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.68.27 | -5.00% | 37,799.57 | +0.81% |
Key Takeaways
Manaksia Steels Ltd’s week was characterised by extreme volatility, with two lower circuit hits and an upper circuit surge reflecting sharp swings in investor sentiment. The stock’s 8.05% weekly decline starkly contrasted with the Sensex’s 1.35% gain, highlighting company-specific challenges amid a generally resilient market backdrop.
Delivery volumes consistently declined throughout the week, signalling reduced genuine investor participation and a predominance of speculative trading. The stock’s technical position remains mixed, supported by longer-term moving averages but weakened by short-term volatility and repeated breaches of the 5-day moving average.
The ferrous metals sector showed modest gains during the week, underscoring Manaksia Steels Ltd’s relative underperformance. The downgrade to a Hold mojo grade and a score of 68.0 reflect a cautious analyst stance amid the heightened risk environment.
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Conclusion
Manaksia Steels Ltd’s performance over the week ending 2 Jan 2026 underscores a period of significant uncertainty and volatility. The stock’s repeated lower circuit hits amid heavy selling pressure, interspersed with a brief upper circuit rally, reflect a fragile market sentiment and speculative trading dynamics. Despite underlying technical support from longer-term moving averages, the stock’s sharp underperformance relative to the Sensex and its sector, combined with declining delivery volumes and a Hold mojo grade, suggest a cautious outlook.
Investors should closely monitor upcoming corporate developments, sector trends, and volume patterns to assess whether the stock can stabilise or if further downside risks persist. The week’s events highlight the importance of risk management and careful analysis in navigating micro-cap stocks within volatile sectors.
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