Mangal Credit & Fincorp Achieves 52-Week High Amidst Market Downturn, Signaling Resilience

Mangal Credit & Fincorp, a microcap player in the Non-Banking Financial Company (NBFC) sector, has made headlines today by reaching a new 52-week high of Rs. 190.6. This milestone was achieved amidst a broader market downturn, with the Sensex experiencing a decline of 506.89 points, or 0.79%. Despite the challenging market conditions, Mangal Credit & Fincorp has outperformed its sector by 4.1% today, showcasing its resilience.
The stock has demonstrated a strong upward trend, gaining for three consecutive days and accumulating a notable return of 12.61% during this period. Intraday trading saw the stock peak at Rs. 190.6, reflecting a 5.36% increase. Additionally, Mangal Credit & Fincorp is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust performance relative to its historical price trends.

Over the past year, Mangal Credit & Fincorp has delivered an impressive return of 81.90%, significantly outpacing the Sensex's performance of 8.13%. The stock's previous 52-week low was recorded at Rs. 99.8, highlighting its substantial growth trajectory.