Mangal Credit & Fincorp Reaches 52-Week High Amidst Notable Market Activity

Jan 24 2025 12:35 PM IST
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Mangal Credit & Fincorp reached a new 52-week high of Rs. 185, marking a notable performance in the finance sector. The stock reversed a two-day decline, gaining 12.91% with high volatility. Over the past year, it has delivered a 69.06% return, significantly outperforming the Sensex.
Mangal Credit & Fincorp, a microcap player in the finance and non-banking financial company (NBFC) sector, has shown significant activity today, reaching a new 52-week high of Rs. 185. This milestone was achieved on January 24, 2025, marking a notable performance as the stock outperformed its sector by 10.75%.

After experiencing two consecutive days of decline, Mangal Credit has reversed its trend, gaining 12.91% during the trading session. The stock exhibited high volatility, with an intraday fluctuation of 11.24%, indicating a dynamic trading environment.

In terms of moving averages, Mangal Credit is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong short- to long-term performance trajectory. Over the past year, the stock has delivered an impressive return of 69.06%, significantly outpacing the Sensex, which has recorded a gain of only 8.05%. This performance underscores Mangal Credit & Fincorp's robust position within the financial sector.
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