Manappuram Finance Ltd Hits New 52-Week High at Rs.319.25

Strong Rally Drives Stock to New Heights

On 2 January 2026, Manappuram Finance Ltd's stock price reached Rs.319.25, surpassing its previous 52-week high and setting a new benchmark for investors. This advance represents a remarkable gain from its 52-week low of Rs.169.10, reflecting a robust 88.7% appreciation over the past year. The stock has outperformed the broader Sensex index, which recorded a 6.89% gain over the same period, underscoring Manappuram Finance’s strong relative performance within the NBFC sector.

The stock has demonstrated consistent upward momentum, registering gains for two consecutive trading sessions and delivering a cumulative return of 2.97% during this period. On the day of the new high, Manappuram Finance outperformed its sector by 0.85%, signalling strength relative to its peers.

Technical Indicators Confirm Uptrend

Technical analysis reveals that Manappuram Finance is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages is typically indicative of a sustained bullish trend, providing further confirmation of the stock’s positive momentum. The stock’s ability to maintain levels above these averages suggests strong investor confidence and underlying demand.

Meanwhile, the broader market environment has been supportive. The Sensex opened flat but gained 0.25% to close at 85,403.34 points, remaining just 0.88% shy of its own 52-week high of 86,159.02. The index’s position above its 50-day and 200-day moving averages, with the 50 DMA trading above the 200 DMA, reflects a bullish market structure. Mega-cap stocks led the gains, providing a favourable backdrop for mid and small-cap stocks like Manappuram Finance.

Mojo Score and Rating Update

Manappuram Finance currently holds a Mojo Score of 57.0, categorised under the 'Hold' grade. This represents an upgrade from its previous 'Sell' rating, which was revised on 18 February 2025. The company’s market capitalisation grade stands at 3, reflecting its mid-tier market cap status within the NBFC sector. These metrics indicate a moderate outlook based on a combination of fundamental and technical factors.

The stock’s recent price action and rating upgrade suggest improving market sentiment and a stabilising business profile. The upgrade from 'Sell' to 'Hold' signals a shift in momentum, aligning with the stock’s recent price appreciation and technical strength.

Sector and Industry Context

Operating within the Non Banking Financial Company (NBFC) sector, Manappuram Finance has benefited from sectoral tailwinds and a favourable credit environment. The NBFC sector has seen selective strength as liquidity conditions have improved and credit demand has remained resilient. Manappuram’s performance relative to its sector peers has been notable, with the stock outperforming the NBFC sector benchmark by a significant margin on the day of the new high.

While the broader market has been led by mega-cap stocks, mid-cap NBFCs like Manappuram Finance have carved out their own momentum, supported by steady earnings growth and improving asset quality metrics. The company’s ability to sustain gains above key moving averages further highlights its relative strength within the sector.

Price Performance and Market Capitalisation

Over the last twelve months, Manappuram Finance has delivered a remarkable 65.49% return, significantly outpacing the Sensex’s 6.89% gain. This performance has propelled the stock to its current market capitalisation grade of 3, reflecting its growing stature in the NBFC space. The stock’s 52-week price range from Rs.169.10 to Rs.319.25 highlights the volatility and opportunity that investors have witnessed over the past year.

On the day of the new high, the stock recorded a modest day change of 0.56%, maintaining its upward trajectory amid a broadly positive market. The sustained gains over multiple sessions and the stock’s ability to outperform its sector peers underscore the strength of its rally.

Market Environment and Broader Indices

The broader market environment has been constructive, with the Sensex trading above its 50-day and 200-day moving averages, a technical setup often associated with bullish trends. The index’s proximity to its own 52-week high at 86,159.02 points has provided a supportive backdrop for stocks across sectors, including NBFCs. Mega-cap stocks have led the gains, contributing to the Sensex’s 0.25% rise on the day.

This positive market tone has complemented Manappuram Finance’s price action, helping the stock sustain its gains and reach new highs. The alignment of sectoral strength and broader market momentum has been a key factor in the stock’s recent performance.

Summary of Key Metrics

To summarise, Manappuram Finance Ltd’s key data points as of 2 January 2026 are:

• New 52-week and all-time high price: Rs.319.25


• 52-week low price: Rs.169.10


• One-year return: 65.49%


• Sensex one-year return: 6.89%


• Mojo Score: 57.0 (Hold, upgraded from Sell on 18 Feb 2025)


• Market Cap Grade: 3


• Day change: +0.56%


• Outperformance vs sector on day: +0.85%


• Trading above all major moving averages (5, 20, 50, 100, 200 DMA)

These figures illustrate the stock’s strong performance and technical resilience, positioning it as a notable performer within the NBFC sector.

Conclusion

Manappuram Finance Ltd’s ascent to a new 52-week high of Rs.319.25 marks a significant achievement, reflecting sustained momentum and favourable market conditions. Supported by robust technical indicators and a positive sectoral backdrop, the stock has outpaced broader market indices and demonstrated resilience over the past year. The upgrade in its Mojo rating from Sell to Hold further underscores the evolving market perception of the company’s prospects. As the stock continues to trade above key moving averages, it remains a prominent name within the NBFC sector’s recent rally.

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