Sandur Manganese Shows Strong Performance Amid Broader Market Gains and Mixed Signals

Sandur Manganese & Iron Ores has shown significant activity today, gaining 5.26% on May 2, 2025. The stock has outperformed its sector by 4.61%, marking a positive trend as it has recorded consecutive gains over the past two days, accumulating a total return of 6.45% during this period. The stock reached an intraday high of Rs 482.25, reflecting a rise of 6.76%.
In terms of moving averages, Sandur Manganese is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short- to long-term performance.

In the broader market context, the Sensex opened flat but climbed significantly, gaining 604.02 points to reach 80,904.21, a rise of 0.82%. While the Sensex is trading above its 50-day moving average, the 50-day moving average is below the 200-day moving average, suggesting mixed signals in the market.

Over various time frames, Sandur Manganese has demonstrated robust performance, with a year-to-date increase of 15.61% compared to the Sensex's 3.55%. Over the last three years, the stock has surged by 125.03%, significantly outpacing the Sensex's 42.02% growth.