Stock Performance and Market Context
The stock’s fresh high of Rs.9.45 was recorded on 2 Jan 2026, representing an 18.89% gain over the past year. This outpaces the broader Sensex index, which posted a 6.98% increase over the same period. The Sensex itself closed at 85,495.45 points today, up 0.36%, and remains just 0.78% shy of its own 52-week high of 86,159.02. Mega-cap stocks led the market rally, with the index trading comfortably above its 50-day and 200-day moving averages, signalling a bullish trend.
Despite the positive momentum, Mena Mani Industries Ltd underperformed its sector today, declining by 4.89%, which was 5.17% below the NBFC sector’s performance. This drop followed six consecutive days of gains, indicating a short-term correction after a strong rally. Nevertheless, the stock remains well supported above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring the strength of its upward trend.
Price Range and Volatility
Over the last 52 weeks, Mena Mani Industries Ltd’s share price has ranged from a low of Rs.4.94 to today’s new high of Rs.9.45. This wide price band highlights the stock’s volatility but also its capacity for substantial appreciation within a year. The recent surge to the peak price level reflects a period of sustained buying interest and positive price action, despite the broader market’s mixed signals.
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Mojo Score and Ratings Update
Mena Mani Industries Ltd currently holds a Mojo Score of 46.0, with a Mojo Grade of Sell as of 18 Dec 2025. This represents an upgrade from its previous Strong Sell rating, signalling some improvement in the company’s overall assessment metrics. The Market Cap Grade stands at 4, reflecting its micro-cap status within the NBFC sector. These ratings provide a comprehensive view of the stock’s quality and market standing, balancing its recent price gains with underlying fundamentals.
Sector and Industry Positioning
Operating within the Non Banking Financial Company sector, Mena Mani Industries Ltd’s performance is notable against its peers. The NBFC sector has experienced varied movements recently, with some stocks benefiting from broader economic recovery and credit demand. Mena Mani’s ability to trade above all major moving averages indicates resilience and a positive technical setup relative to sector trends.
Technical Momentum and Trend Analysis
The stock’s climb to a new 52-week high is supported by its position above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, a technical indicator of sustained upward momentum. However, the recent decline after six straight days of gains suggests a short-term consolidation phase. This pattern is common in stocks experiencing rapid appreciation, as investors take profits or reassess valuations.
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Market Environment and Broader Indices
The broader market environment has been supportive, with the Sensex climbing 236.09 points today after a flat opening. The index’s position near its own 52-week high and its trading above key moving averages reflect a generally bullish sentiment. Mega-cap stocks have been the primary drivers of this market strength, providing a stable backdrop for mid and small-cap stocks like Mena Mani Industries Ltd to advance.
Summary of Key Metrics
To summarise, Mena Mani Industries Ltd’s new 52-week high of Rs.9.45 represents a significant achievement in its stock price trajectory. The stock’s year-on-year gain of 18.89% outperforms the Sensex benchmark by a wide margin. Despite a minor setback in today’s session, the technical indicators remain positive, with the stock trading above all major moving averages. The upgrade in Mojo Grade from Strong Sell to Sell further reflects an improving outlook on the company’s fundamentals and market position.
Investors and market watchers will note the stock’s wide price range over the past year, from Rs.4.94 to Rs.9.45, highlighting both volatility and growth potential within the NBFC sector. The current market conditions, characterised by a rising Sensex and strong mega-cap leadership, provide a conducive environment for continued price discovery in stocks like Mena Mani Industries Ltd.
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