Manipal Finance Corporation Achieves 52-Week High Amid Broader Market Decline

Apr 01 2025 12:03 PM IST
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Manipal Finance Corporation's stock reached a new 52-week high of Rs. 20.53, demonstrating resilience amid a broader market decline. Despite underperforming its sector slightly, the stock has shown significant growth over the past year, increasing by 246.14% from its 52-week low of Rs. 5.
Manipal Finance Corporation has made headlines today as its stock price reached a new 52-week high of Rs. 20.53. This milestone comes amid a challenging market environment, as the Sensex experienced a significant decline, falling by 730.34 points to settle at 76,152.24, reflecting a drop of 1.63%. Despite this broader market downturn, Manipal Finance Corporation's stock has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

However, the stock has underperformed its sector by 0.29% today, indicating some volatility in its trading activity. Notably, the stock did not trade on one day out of the last 20, highlighting erratic trading patterns. Over the past year, Manipal Finance Corporation has demonstrated impressive growth, with a performance increase of 246.14%, significantly outpacing the Sensex's modest gain of 2.89%. The stock's 52-week low stands at Rs. 5, showcasing its remarkable recovery and upward trajectory in the finance and non-banking financial company (NBFC) sector.
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