Manappuram Finance Shows Signs of Trend Reversal Amid Broader Market Rally

Jun 20 2025 03:35 PM IST
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Manappuram Finance has shown notable activity, gaining 3.1% after four days of decline, indicating a potential trend reversal. The stock is trading close to its 52-week high and remains above key moving averages. In the broader market, the Sensex has risen significantly, supported by strong performances from mega-cap stocks.
Manappuram Finance, a prominent player in the Non-Banking Financial Company (NBFC) sector, has shown notable activity today, gaining 3.1% on June 20, 2025. The stock's performance is particularly significant as it has outperformed its sector by 1.3%. After experiencing four consecutive days of decline, this uptick marks a potential trend reversal for the company.

Currently, Manappuram Finance is trading just 4.97% below its 52-week high of Rs 285, having reached an intraday high of Rs 272.25 today. The stock's moving averages indicate a strong position, remaining above the 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly lower than the 5-day moving average.

In the broader market context, the Sensex has risen sharply by 1.29% today, climbing 1,053.32 points to reach 82,408.17. This bullish trend is supported by mega-cap stocks leading the market, with the Sensex trading above its 50-day moving average. Over the past year, Manappuram Finance has demonstrated impressive growth, with a 41.26% increase compared to the Sensex's 6.36%.
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