Manappuram Finance Ltd Hits New 52-Week High of Rs.320.95

Stock Performance and Market Context

On 7 January 2026, Manappuram Finance Ltd’s shares surged to an intraday high of Rs.320.95, representing a 4.24% increase on the day. The stock closed with a day change of 3.96%, outperforming its sector by 4.14%. This rally extends the stock’s consecutive gains to two days, during which it has delivered a cumulative return of 3.85%. The current price level is a remarkable advance from its 52-week low of Rs.169.10, underscoring a year-long appreciation of 75.83%, significantly outpacing the Sensex’s 8.63% gain over the same period.

Manappuram Finance Ltd is trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained buying interest and a positive trend across multiple time horizons.

Meanwhile, the broader market showed some volatility. The Sensex opened lower at 84,620.40, down 442.94 points (-0.52%), and was trading at 84,939.13 (-0.15%) during the stock’s rally. Despite this, the Sensex remains close to its own 52-week high of 86,159.02, just 1.44% away, and is supported by bullish moving averages with the 50-day DMA above the 200-day DMA. Mid-cap stocks led the market gains, with the BSE Mid Cap index rising 0.41% on the day.

Mojo Score and Rating Upgrade

Manappuram Finance Ltd currently holds a Mojo Score of 57.0, placing it in the 'Hold' category. This represents an upgrade from its previous 'Sell' rating, which was revised on 18 February 2025. The company’s Market Cap Grade stands at 3, reflecting its mid-tier market capitalisation within the NBFC sector. The upgrade in rating aligns with the stock’s recent price strength and improved technical indicators.

Sector and Industry Positioning

Operating within the Non Banking Financial Company (NBFC) sector, Manappuram Finance Ltd has demonstrated resilience and growth in a competitive environment. The sector itself has experienced mixed performance, with some volatility in broader indices. However, Manappuram’s stock has outperformed its peers and the sector benchmark, supported by strong fundamentals and positive market sentiment.

Technical Momentum and Moving Averages

The stock’s position above all major moving averages is a key technical indicator of its strength. Trading above the 200-day moving average is often viewed as a long-term bullish signal, while the 5-day and 20-day averages reflect short-term momentum. The alignment of these averages in an upward trajectory suggests sustained investor confidence and a healthy trend.

Comparative Market Performance

While Manappuram Finance Ltd has surged 75.83% over the past year, the Sensex has recorded a comparatively modest gain of 8.63%. This stark contrast highlights the stock’s exceptional performance relative to the broader market. The Sensex’s proximity to its own 52-week high and its bullish moving averages provide a supportive backdrop for stocks like Manappuram that are exhibiting strong momentum.

Summary of Key Metrics

To summarise, Manappuram Finance Ltd’s key metrics as of 7 January 2026 are:

• New 52-week and all-time high price: Rs.320.95


• Day’s high intraday gain: 4.24%


• Day change: +3.96%


• Consecutive gain period: 2 days with 3.85% cumulative returns


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


• Market Cap Grade: 3


• 52-week low price: Rs.169.10


• 1-year return: 75.83% vs Sensex 8.63%

Market Environment and Sector Dynamics

The broader market environment remains cautiously optimistic. The Sensex’s slight decline on the day contrasts with the strong performance of mid-cap stocks, which led gains with a 0.41% rise in the BSE Mid Cap index. Manappuram Finance Ltd’s outperformance within this context highlights its relative strength and the positive momentum it has built over recent sessions.

Conclusion

Manappuram Finance Ltd’s ascent to a new 52-week high of Rs.320.95 marks a notable achievement in its market journey. Supported by a solid technical foundation, an upgraded rating, and a strong relative performance against the Sensex and sector peers, the stock’s momentum reflects a sustained positive trend. The company’s ability to maintain gains above key moving averages further reinforces its current market standing.

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