Manba Finance Stock Plummets to All-Time Low Amid Market Turmoil

Manba Finance, a microcap player in the Non-Banking Financial Company (NBFC) sector, has reached an all-time low today, with its stock price hitting Rs. 115.15. This significant decline follows a challenging trading session where the stock opened down by 17.98%. Despite this drop, Manba Finance managed to outperform its sector by 0.92% today, indicating some resilience amidst the volatility.
The stock experienced high intraday volatility, with fluctuations reaching 10.78%. It did touch an intraday high of Rs. 145.85, reflecting a brief recovery of 3.88% during the session. However, the overall trend remains concerning, as the stock has underperformed against the benchmark indices over the past year, with a decline of 10.22%.

In terms of performance metrics, Manba Finance has shown a mixed picture. While it has outperformed the Sensex in the short term, its long-term fundamentals appear weak, evidenced by an average Return on Equity (ROE) of 11.91%. Additionally, the stock has not attracted domestic mutual funds, which hold no stake, suggesting a lack of confidence in its market position.