Key Events This Week
Jan 07: New 52-week high (Rs.320.95)
Jan 09: Intraday low amid price pressure (Rs.278.45)
Jan 09: Week closes at Rs.285.20 (-8.21%)
7 January: Manappuram Finance Ltd Hits New 52-Week High
On 7 January 2026, Manappuram Finance Ltd reached a significant milestone by touching a new 52-week high of Rs.320.95 intraday, closing at Rs.319.85, up 3.88% from the previous day’s close of Rs.307.90. This gain outpaced the Sensex, which was nearly flat with a marginal 0.03% increase to 37,669.63. The stock’s strong performance was supported by robust momentum, with the price trading above all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bullish sentiment.
This new high represented an 89.7% appreciation from the stock’s 52-week low of Rs.169.10, underscoring the company’s strong recovery and resilience within the NBFC sector. The day’s 3.96% gain also marked a continuation of a positive trend, with the stock delivering cumulative returns of 3.85% over the preceding two sessions. The broader market environment was mixed, with the Sensex slightly down earlier in the session but recovering to close near flat, while mid-cap stocks showed selective strength.
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9 January: Sharp Intraday Decline Amid Price Pressure
In stark contrast, 9 January 2026 saw Manappuram Finance Ltd’s shares come under significant pressure, hitting an intraday low of Rs.278.45, a near 10% drop from the previous close. The stock closed at Rs.285.20, down 7.81% on the day and 8.21% for the week, reflecting a sharp reversal from the earlier highs. This decline was accompanied by elevated volatility, with a weighted average price volatility of 7.02% during the session.
The stock’s underperformance was pronounced relative to the Sensex, which fell 0.89% to 36,807.62, and the NBFC sector, with Manappuram Finance Ltd lagging by 6.8% on the day. The two-day losing streak accumulated an 11.04% decline, signalling a weakening short-term momentum. Technically, the stock slipped below its short-term moving averages (5-day, 20-day, 50-day) while still holding above the longer-term 100-day and 200-day averages, suggesting that while the longer-term trend remains intact, immediate price action is under pressure.
The broader market environment was cautious, with the Sensex retreating amid volatility but still trading close to its 52-week high. This mixed technical backdrop reflects investor caution, particularly in the NBFC space, as reflected in Manappuram Finance Ltd’s sharp intraday swings and price correction.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.307.40 | -1.06% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.307.90 | +0.16% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.319.85 | +3.88% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.309.35 | -3.28% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.285.20 | -7.81% | 36,807.62 | -0.89% |
Key Takeaways from the Week
Positive Signals: The stock’s new 52-week high on 7 January at Rs.320.95 demonstrated strong underlying momentum and resilience, with the price trading comfortably above all major moving averages. The one-year total return remains robust at 75.83%, significantly outperforming the Sensex’s 8.63% gain over the same period. The Mojo Score of 57.0 and a 'Hold' rating reflect a stabilised outlook compared to prior assessments.
Cautionary Signals: The sharp reversal and intraday low of Rs.278.45 on 9 January, coupled with a weekly decline of 8.21%, highlight increased volatility and short-term price pressure. The stock’s breach of short-term moving averages and underperformance relative to both the Sensex and NBFC sector suggest a cautious near-term outlook. Elevated intraday volatility and a two-day losing streak indicate market participants are adopting a guarded stance amid broader market uncertainty.
Conclusion
Manappuram Finance Ltd’s week was characterised by a dramatic shift from a new 52-week high to significant price pressure within days. While the stock’s long-term performance and technical positioning remain strong, the recent sharp decline underscores the sensitivity of NBFC stocks to market volatility and sentiment shifts. Investors should note the divergence between the longer-term bullish trend and the current short-term weakness as the stock navigates this volatile phase. The broader market’s modest decline contrasts with the stock’s sharper fall, emphasising the need for close monitoring of sector-specific developments and technical signals in the coming sessions.
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