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

Jan 28 2025 03:40 PM IST
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Manipal Finance Corporation has reached a new 52-week high, showcasing strong performance with a 54.41% gain over the past nine days. The stock is trading above all key moving averages and has delivered an impressive 81.28% return over the past year, significantly outperforming the Sensex.
Manipal Finance Corporation has experienced significant activity today, reaching a new 52-week high of Rs. 11.04. This milestone reflects a strong performance, as the stock has outperformed its sector by 4.1%. Over the past nine days, Manipal Finance Corporation has shown impressive momentum, with a remarkable gain of 54.41% during this period.

In terms of moving averages, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust upward trend. Over the past year, Manipal Finance Corporation has delivered an impressive return of 81.28%, significantly outpacing the Sensex, which has recorded a return of only 7.47%.

As a microcap player in the finance and non-banking financial company (NBFC) sector, Manipal Finance Corporation's recent performance highlights its strong market position and resilience in a competitive landscape. Investors and market watchers will likely continue to monitor the company's developments closely.
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