Manaksia Steels Stock Hits Upper Circuit Limit with Intraday High of Rs 66.71

Manaksia Steels Ltd, a microcap player in the Ferrous Metals industry, has shown remarkable activity today, hitting its upper circuit limit with an intraday high of Rs 66.71, reflecting a 4.99% increase. The stock's last traded price also stands at Rs 66.71, marking a change of Rs 3.17.
The stock opened with a gain of 2.3% and has been on a positive trajectory, gaining for the last four consecutive days, resulting in a total return of 12.95% over this period. Notably, Manaksia Steels has outperformed its sector by 4.9% today, while the broader market, represented by the Sensex, recorded a modest gain of 0.09%.

In terms of trading volume, the total traded volume reached approximately 0.63839 lakh shares, with a turnover of Rs 0.419 crore. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, delivery volume has surged by 308.13% compared to the 5-day average, suggesting increased investor participation.

Overall, Manaksia Steels Ltd's performance today highlights its strong market position and positive momentum within the ferrous metals sector.