Why is Maan Aluminium falling/rising?
As of 03-Sep, Maan Aluminium Ltd's stock price is 111.45, down 3.76% today, and has underperformed its sector. Despite a recent weekly gain of 8.20%, the stock has declined significantly over the past month and year, indicating ongoing struggles despite broader market gains.
As of 03-Sep, Maan Aluminium Ltd's stock price is currently at 111.45, reflecting a decrease of 4.35, or 3.76%. The stock has underperformed its sector by 4.23% today, following a trend reversal after five consecutive days of gains. It opened significantly lower, down 4.66%, and experienced high volatility with an intraday range between a high of Rs 119.75 and a low of Rs 110.4. Over the past week, the stock has shown a positive return of 8.20%, but it has declined by 6.38% over the past month and 11.72% year-to-date. The stock's performance over the last year is also negative at -16.17%. While the stock is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, it remains below the 50-day moving average. There is no information available regarding positive or negative factors impacting the stock.Broader market context indicates that while Maan Aluminium's stock has seen a short-term gain of 8.20% over the past week, the benchmark Sensex has experienced a slight decline of 0.27% during the same period. This suggests that the stock's recent performance is relatively strong compared to the broader market. However, the stock's longer-term performance is concerning, with significant declines year-to-date and over the past year, contrasting with the Sensex's positive return of 3.11% year-to-date. The aluminium sector has gained by 3.06%, indicating that the broader market conditions are not entirely unfavorable, yet Maan Aluminium's stock is struggling to capitalize on this sector performance.
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