Manaksia Faces Significant Stock Volatility Amidst Ongoing Market Challenges

Manaksia, a microcap player in the Aluminium & Aluminium Products industry, has experienced significant volatility in its stock performance today. The stock is currently trading close to its 52-week low, just 0.48% away from the low of Rs 75 reached on February 12, 2025. Despite opening with a gain of 5.3%, the stock has underperformed its sector by 2.18% and has seen a consecutive decline over the past four days, resulting in a total drop of 7.58% during this period.
Throughout the trading session, Manaksia reached an intraday high of Rs 81 but also dipped to a low of Rs 75.36, reflecting the stock's current instability. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term. Over the past year, Manaksia has reported a decline of 36.01%, contrasting sharply with the Sensex's performance of 6.68%. These metrics highlight the challenges faced by the company in the current market landscape.