Manappuram Finance Experiences Revision in Its Score Amid Strong Market Performance in January 2025

Manappuram Finance, a prominent player in the finance and non-banking financial company (NBFC) sector, has recently undergone a revision in its score, reflecting the stock's strong performance and market position. On January 9, 2025, the stock saw a significant increase of 5.86%, opening with a gain of 4.86% and reaching an intraday high of Rs 190.8, which marked a rise of 5.97% during the trading session.
This impressive performance is underscored by the fact that Manappuram Finance outperformed its sector by 4.08% on the same day. Over the past month, the company has demonstrated resilience, achieving a gain of 12.02%, while the broader market, represented by the Sensex, experienced a decline of 4.43%. Such metrics indicate a robust upward trend, as the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In light of these developments, Manappuram Finance has been added to MarketsMOJO's list, further emphasizing its stable outlook in the current market environment. The adjustment in evaluation reflects the stock's strong fundamentals and positive market sentiment, positioning it favorably among investors.