Manappuram Finance Shows Strong Market Performance Amid Broader Sensex Gains

Manappuram Finance, a prominent player in the finance and non-banking financial company (NBFC) sector, has shown significant activity today, gaining 3.12% on March 24, 2025. The stock is currently trading just 2.59% below its 52-week high of Rs 247.55, reflecting strong performance in the market. Over the past eight days, Manappuram Finance has consistently gained, accumulating a remarkable 20.14% return during this period.
In terms of market performance, Manappuram Finance has outperformed its sector by 2.2% today. The stock reached an intraday high of Rs 242.5, marking a 3.52% increase. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

In the broader market context, the Sensex opened higher, gaining 550.76 points and currently trading at 77,531.77, up 0.81%. The Sensex has seen a positive trajectory over the past three weeks, with a total gain of 5.92%. Manappuram Finance's performance stands out, with a year-to-date increase of 28.31%, significantly surpassing the Sensex's decline of 0.72% during the same period.