Manaksia Steels Ltd. Reaches All-Time High Price, Outperforms Sector and Market

Jan 25 2024 09:25 AM IST
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Manaksia Steels Ltd., a microcap company in the iron and steel industry, has reached an all-time high price of Rs.92.76 on January 25th, 2024. The stock has been gaining for the past two days, with a consecutive gain of 20.99%, outperforming the sector by 9.31%. It is currently trading higher than its moving averages and has shown a strong performance of 81.91% in the past year.

Manaksia Steels Ltd., a microcap company in the iron and steel industry, has recently reached an all-time high price of Rs.92.76 on January 25th, 2024. This news comes as the stock has been gaining for the past two days, with a consecutive gain of 20.99% during this period. The stock also outperformed the sector by 9.31% today, showing strong performance in the market.

In addition, Manaksia Steels opened with a gap up of 9.93% today and reached an intraday high of Rs.92.76, which is a 10% increase. The stock has also shown high volatility today, with an intraday volatility of 57.38%, calculated from the weighted average price.

Furthermore, Manaksia Steels is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, Manaksia Steels has shown a strong performance of 81.91%, compared to the Sensex's performance of 17.75%. This showcases the company's growth and potential in the iron and steel industry.

According to MarketsMOJO, the stock call for Manaksia Steels is 'Hold', indicating a neutral stance on the stock. With its recent all-time high price and strong performance, Manaksia Steels is definitely a company to keep an eye on in the microcap iron and steel industry.
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