Manappuram Finance's Stock Performance Faces Dip, But Remains Strong in Midcap Sector

Manappuram Finance, a leading finance and non-banking financial company (NBFC) in the midcap sector, has recently faced a dip in its stock performance. On November 4th, 2024, the company's stock saw a decline of -5.26%, underperforming the sector by -3.09%. This has led to a stock call of 'Buy' by MarketsMOJO.

The stock's price summary for the day shows that it touched an intraday low of Rs 151.15, a decrease of -5.35%. Additionally, Manappuram Finance is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

The finance and NBFC sector as a whole has also seen a decline of -2.04%, further highlighting the current market conditions. However, it is important to note that Manappuram Finance's 1-day performance of -5.26% is higher than the Sensex's performance of -1.53%, showing that the company is still performing relatively well compared to the overall market.

In the past month, Manappuram Finance's stock has seen a decline of -20.07%, while the Sensex has seen a decline of -3.89%. This shows that the company's stock has been affected more than the overall market, but it is still performing better than its peers in the finance and NBFC sector.

Despite the recent dip in stock performance, Manappuram Finance remains a strong player in the midcap sector. With its diverse range of financial services and strong track record, the company continues to be a reliable choice for investors.