Manipal Finance Corporation Achieves 52-Week High Amid Strong Market Performance

Manipal Finance Corporation has made headlines today as its stock price reached a new 52-week high of Rs. 20.94, marking a significant milestone for the microcap finance company. This surge comes as the stock has outperformed its sector by 1.65%, showcasing its strong market position within the finance and non-banking financial company (NBFC) industry. Over the past two days, Manipal Finance Corporation has demonstrated a positive trend, gaining 4.02% in returns. Notably, the stock has been consistent in its performance, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trajectory. In the broader market context, the Sensex has also shown positive momentum, climbing 342.82 points to reach 76,489.10, reflecting a 0.61% increase. The mid-cap segment is particularly strong today, with the BSE Mid Cap index gaining 0.99%. Over the past year, Manipal Finance Corporation has delivered an impressive performance, with a remarkable 267.37% increase, significantly outpacing the Sensex's 3.52% growth during the same period.