Why is Manaksia Alumi. falling/rising?
As of 29-Sep, Manaksia Aluminium Company Ltd's stock price is rising to Rs 32.45, up 9.37%, outperforming its sector and showing strong long-term growth despite a high Debt to EBITDA ratio. The stock has increased 8.17% over the past week and 10.00% over the past month, contrasting with a decline in the broader market.
As of 29-Sep, Manaksia Aluminium Company Ltd's stock price is rising, currently at Rs 32.45, reflecting an increase of Rs 2.78 or 9.37%. Today's performance indicates that the stock outperformed its sector by 5.92%, opening with a gain of 3.64% and reaching an intraday high of Rs 33.54, which is a 13.04% increase. Over the past week, the stock has risen by 8.17%, while it has shown a 10.00% increase over the past month. The company has demonstrated healthy long-term growth, with operating profit growing at an annual rate of 44.15%, and positive financial results, including a 35.76% increase in net sales over the last nine months. However, the company faces risks due to a high Debt to EBITDA ratio of 5.25 times, indicating a low ability to service debt.Broader market context shows that while Manaksia Aluminium has performed well, the benchmark Sensex has declined by 2.18% over the past week. This contrast highlights the stock's strong performance relative to the broader market, particularly as it has outperformed the BSE500 over the last three years, one year, and three months. Despite a recent drop in investor participation, as indicated by a significant decrease in delivery volume, the stock remains liquid enough for trading. Overall, the combination of positive financial growth and strong relative performance against the market contributes to the stock's upward movement.
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