Manipal Finance Corporation Ltd Surges 21.34% Monthly, Approaches 52-Week High

Manipal Finance Corporation Ltd is currently witnessing significant buying activity, with the stock showing a performance increase of 1.97% today, outperforming the Sensex, which rose by 0.38%. Over the past week, the stock has gained 2.88%, although it lagged behind the Sensex's 3.88% increase. Notably, the stock has demonstrated remarkable growth over the past month, surging by 21.34% compared to the Sensex's modest 3.65%.
In the longer term, Manipal Finance Corporation has exhibited impressive performance metrics, with a staggering 293.54% increase over the past year, significantly outpacing the Sensex's 8.23% rise. Year-to-date, the stock has risen by 189.51%, while the Sensex has only increased by 2.01%. Additionally, the stock has gained 127.47% over the last three months and 141.26% over the past three years.

Today, the stock is trading just 1.16% away from its 52-week high of Rs 20.94. It has been on a consecutive gain streak for the last two days, accumulating a total return of 2.99%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The recent buying pressure may be attributed to the stock's robust performance metrics and market positioning within the finance/NBFC sector.