Mangalam Industrial Finance Faces Significant Price Pressure Amidst Market Volatility in October'23

Feb 14 2025 09:35 AM IST
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Mangalam Industrial Finance, a microcap in the finance/NBFC sector, has hit a new 52-week low, reflecting significant volatility and a 31.63% decline over the past six days. The stock is trading below all major moving averages and has dropped 58.80% over the past year, contrasting with the Sensex's gains.
Mangalam Industrial Finance, a microcap player in the finance/NBFC sector, has experienced significant volatility today, hitting a new 52-week low of Rs. 2.27. This decline marks a notable underperformance, with the stock trailing its sector by 4.93%. Over the past six days, Mangalam Industrial Finance has faced consecutive losses, accumulating a steep decline of 31.63% during this period.

In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend. The one-year performance of Mangalam Industrial Finance reflects a substantial drop of 58.80%, contrasting sharply with the Sensex, which has gained 6.07% over the same timeframe.

These performance indicators highlight the challenges faced by Mangalam Industrial Finance in the current market environment, as it navigates through a period of significant price pressure and declining investor sentiment.
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