Manaksia's stock hits 52-week low, given 'Strong Sell' rating by MarketsMOJO

Manaksia, a microcap company in the aluminium and aluminium products industry, has recently seen a dip in its stock price. On October 25, 2024, the company's stock touched a 52-week low, according to data from MarketsMOJO.

The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company's performance. In terms of price performance, Manaksia's stock has been in line with the sector today. However, it has been on a downward trend for the past 7 days, with a decrease of -12.24% in returns during this period.

On the day of the price dip, the stock reached an intraday low of Rs 89, showing a decrease of -2.04%. Additionally, Manaksia's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex, Manaksia's performance over the past year has been negative, with a decrease of -34.04% while the Sensex has seen a positive growth of 23.97%. This highlights the underperformance of Manaksia in the market.

As a microcap company, Manaksia may face challenges in the highly competitive aluminium and aluminium products industry. Investors should carefully consider the company's financials and market conditions before making any investment decisions.