Manappuram Finance Faces Decline Amid Broader Market Volatility and Bearish Trends

Apr 07 2025 12:15 PM IST
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Manappuram Finance has seen a significant decline, underperforming its sector amid a broader market downturn. The stock has dropped consecutively over three days and opened lower today. While it remains above several longer-term moving averages, it is below its 5-day average, indicating mixed short-term performance.
Manappuram Finance, a midcap player in the Finance/NBFC sector, has experienced a notable decline of 5.29% on April 7, 2025. The stock has underperformed its sector, which fell by 4.48%, and has seen a consecutive drop over the past three days, totaling a loss of 5.12%. Today, it opened significantly lower, with a gap down of 4.88%, and reached an intraday low of Rs 221.9, reflecting a decrease of 4.93%.

In terms of moving averages, Manappuram Finance is currently positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, but below its 5-day moving average. This indicates a mixed short-term performance relative to longer-term trends.

In the broader market context, the Sensex has shown volatility, recovering from an initial gap down of 3,914.75 points to trade at 72,260.33, down 4.12%. The index is nearing its 52-week low and is currently trading below its 50-day moving average, which is also below the 200-day moving average, indicating a bearish trend in the market.
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