Manaksia Steels Ltd. Reaches All-Time High, Shows Strong Growth in Iron and Steel Industry

Jan 23 2024 09:21 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. 84.61 on January 23, 2024. The stock has shown consecutive gains for the last four days, with a 48.1% return. It is currently trading higher than its moving averages and has outperformed the sector by 2.59%. MarketsMojo has given a 'Hold' call, indicating the company's potential in the industry.

Manaksia Steels Ltd., a microcap company in the iron and steel industry, has recently reached an all-time high price of Rs. 84.61 on January 23, 2024. This has been a consecutive gain for the company, with the stock rising for the last four days and showing a 48.1% return in that period. The stock also opened with a gain of 3.15% today, outperforming the sector by 2.59%.

The stock has been highly volatile today, with an intraday volatility of 8.24%. However, it has been trading at a steady price of Rs. 84.61 since opening. Manaksia Steels is also currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance of 18.15%, Manaksia Steels has shown a strong 1-year performance of 79.57%. This indicates the company's growth and potential in the iron and steel industry.

MarketsMOJO has given a 'Hold' call for Manaksia Steels, suggesting that investors should hold onto their stocks for now. With the company's recent performance and steady trading, it is definitely one to watch in the microcap space.
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