Manappuram Finance's Stock Sees Decline, But Remains Strong in Finance Industry

Mar 06 2024 10:05 AM IST
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Manappuram Finance, a leading NBFC in the midcap industry, saw a -6.04% decline in stock performance on March 6, 2024. Despite this, the company's moving averages are still higher than the 100-day and 200-day averages. In comparison to Sensex, Manappuram's 1-day and 1-month performance is -6.58% and -6.75%, respectively. MarketsMojo has given a 'Strong Buy' call for investors.

Manappuram Finance, a leading finance and non-banking financial company (NBFC) in the midcap industry, has recently faced a dip in its stock performance. On March 6, 2024, the company's stock saw a decline of -6.04%, underperforming the sector by -4.79%. This has led to a 'Strong Buy' call by MarketsMOJO for investors.

The stock's price summary shows that it has fallen after 5 consecutive days of gains, with an intraday low of Rs 175.4 (-5.83%). However, the stock's moving averages are still higher than the 100-day and 200-day averages, but lower than the 5-day, 20-day, and 50-day averages.

In comparison to the Sensex performance, Manappuram Finance's 1-day performance is -6.58%, while the Sensex only saw a decline of -0.25%. Similarly, the company's 1-month performance is -6.75%, while the Sensex has seen a growth of 1.82%.

Despite the recent dip in stock performance, Manappuram Finance remains a strong player in the finance and NBFC industry. With a 'Strong Buy' call from MarketsMOJO, investors can have confidence in the company's potential for growth and success in the future.
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