Manappuram Finance's Stock Gains 5.36%, Outperforms Sector and Attracts 'Buy' Call from MarketsMOJO

Manappuram Finance, a leading finance and non-banking financial company (NBFC), has been making waves in the stock market with its recent performance. On October 29, 2024, the company's stock gained 5.36%, outperforming the sector by 3.3%. This positive trend has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

In terms of price performance, Manappuram Finance has been on a consecutive gain for the last two days, with a rise of 7.44% during this period. The stock also touched an intraday high of Rs 156.9, showing a 5.76% increase. While the stock is currently higher than its 5-day moving average, it is lower than its 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Manappuram Finance has outperformed with a 1-day performance of 5.36% compared to the Sensex's 0.44%. Over the past month, the company's stock has seen a decline of -22.87%, while the Sensex has also seen a decline of -6.10%.

With its strong performance and positive outlook, Manappuram Finance is a promising midcap company in the finance/NBFC industry. Investors can consider adding this stock to their portfolio for potential growth and returns.