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

Manipal Finance Corporation has made headlines today as its stock price reached a new 52-week high of Rs. 18.8, marking a significant milestone for the microcap finance company. This surge comes after a remarkable performance over the past eight days, during which the stock has gained 54.61%. Notably, it has outperformed its sector by 4.58%, indicating strong momentum in its trading activity. The company's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. Over the past year, Manipal Finance Corporation has delivered an impressive return of 246.22%, significantly outpacing the Sensex, which has risen by 7.97% during the same period. In the broader market context, the Sensex has also shown positive movement, climbing 375.57 points to reach 78,671.85, buoyed by strong performances from mega-cap stocks. As the financial landscape evolves, Manipal Finance Corporation's recent achievements highlight its growing position within the finance and non-banking financial company (NBFC) sector.