Manaksia Hits 52-Week Low Amidst Broader Sector Gains and Persistent Downtrend
Manaksia, a microcap in the Aluminium sector, has hit a new 52-week low, with its stock price dropping to Rs. 80. The stock has underperformed its sector significantly, reflecting a cumulative decline over recent days. It is trading below all major moving averages, indicating a continued downward trend.
Manaksia, a microcap player in the Aluminium and Aluminium Products industry, has reached a new 52-week low, with its stock price falling to Rs. 80 on January 14, 2025. This decline is notable as it underperformed its sector by 4.79% today. Over the last two days, the stock has seen a cumulative drop of 5.87%.Despite an initial gain of 3.84% today, Manaksia's performance has been disappointing, with an intraday high of Rs. 85 and a low of Rs. 80, ultimately reflecting a decrease of 2.27%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.
In contrast, the Aluminium and Aluminium Products sector has gained 2.81%. Over the past year, Manaksia's stock has declined by 40.15%, while the broader Sensex has seen an increase of 5.53%.
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