Manipal Finance Corporation Achieves 52-Week High Amid Market Volatility

May 19 2025 02:05 PM IST
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Manipal Finance Corporation's stock has reached a new 52-week high, showcasing a remarkable one-year performance that significantly surpasses the Sensex. Despite some erratic trading activity, the stock remains strong relative to its historical averages. In contrast, the broader market experienced a decline, with small-cap stocks showing resilience.
Manipal Finance Corporation, a microcap player in the Non-Banking Financial Company (NBFC) sector, has made headlines today as its stock price reached a new 52-week high of Rs. 21.73. This milestone reflects a significant upward trend, especially considering the stock's impressive one-year performance of 278.62%, vastly outperforming the Sensex, which has seen a gain of only 10.90% during the same period.

Despite the stock's notable performance, trading activity has been somewhat erratic, with Manipal Finance Corporation not trading on five out of the last 20 days. However, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position relative to its historical performance.

In the broader market context, the Sensex opened flat but subsequently fell by 273.88 points to close at 82,081.04, reflecting a negative sentiment. The index remains 4.75% away from its own 52-week high. Meanwhile, small-cap stocks are showing resilience, with the BSE Small Cap index gaining 0.65% today.
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