Manappuram Finance Reaches New 52-Week High Amid Strong Market Performance
Manappuram Finance has reached a new 52-week high of Rs. 271.1, reflecting a strong performance in the NBFC sector. The stock has gained 16.02% over the past four days and significantly outperformed the Sensex over the last year, showcasing a notable recovery from its previous low.
Manappuram Finance, a prominent player in the Non-Banking Financial Company (NBFC) sector, has shown remarkable activity today, reaching a new 52-week high of Rs. 271.1. This milestone was achieved on June 10, 2025, marking a significant moment for the large-cap firm. The stock has outperformed its sector by 1.88% and has been on a positive trajectory, gaining 16.02% over the last four consecutive days.Today's trading saw Manappuram Finance touch an intraday high of Rs. 271.1, reflecting a 2.4% increase. Notably, 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 in its performance metrics.
In the broader market context, the Sensex opened positively but has since dipped, currently trading at 82,370.57, down by 0.09%. Despite this, Manappuram Finance's one-year performance stands out, with a remarkable increase of 53.37%, significantly surpassing the Sensex's growth of 7.69%. The stock's 52-week low was recorded at Rs. 138.4, highlighting its substantial recovery and growth over the past year.
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