Manappuram Finance Opens Strong with 4.14% Gain, Approaching 52-Week High

Mar 21 2025 09:50 AM IST
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Manappuram Finance has demonstrated strong market performance, trading near its 52-week high and outperforming its sector. The stock has shown a notable increase over the past week and month, with positive technical indicators suggesting a bullish trend. It is classified as a high beta stock, indicating greater volatility.
Manappuram Finance, a midcap player in the finance and non-banking financial company (NBFC) sector, has shown significant activity today, opening with a gain of 4.14%. The stock is currently trading just 2.7% below its 52-week high of Rs 230.25, reflecting strong performance in the market.

Today, Manappuram Finance outperformed its sector by 1.69%, continuing a positive trend with a notable 11.63% increase over the past week. The stock reached an intraday high of Rs 228.6, marking a 5.1% rise during the trading session.

In terms of technical indicators, Manappuram Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Over the past month, the stock has delivered a return of 10.48%, significantly outperforming the Sensex, which recorded a 1.68% gain.

With a beta of 1.11, Manappuram Finance is classified as a high beta stock, indicating that it tends to experience larger fluctuations compared to the broader market.
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