Key Events This Week
Jan 5: Surged to upper circuit on robust buying momentum
Jan 8: Hit lower circuit amid heavy selling pressure
Jan 9: Plunged again to lower circuit, closing at Rs.62.38
Weekly Summary: Closed down 8.63% vs Sensex down 2.62%
Feb 11
BSE+NSE Vol: 8.45 k

Manaksia Steels Ltd has seen its investment rating upgraded from Buy to Strong Buy, reflecting significant improvements across quality, valuation, financial trends, and technical indicators. This upgrade, effective from 09 Feb 2026, is underpinned by the company’s outstanding quarterly performance, attractive valuation metrics, and a shift towards a bullish technical outlook, positioning it favourably within the ferrous metals sector.
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Manaksia Steels Ltd is rated 'Buy' by MarketsMOJO, with this rating last updated on 31 January 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 07 February 2026, providing investors with the latest insights into the company’s performance and outlook.
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Manaksia Steels Ltd, a micro-cap player in the ferrous metals sector, witnessed a remarkable surge on 2 Feb 2026, hitting its upper circuit limit with a 4.99% gain to close at ₹64.39. This strong buying pressure, coupled with rising investor participation and favourable technical indicators, has propelled the stock well above its recent averages, signalling renewed market confidence in the company’s prospects.
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Manaksia Steels Ltd surged to its upper circuit limit on 1 Feb 2026, closing at ₹61.33, marking a maximum daily gain of 5.0%. The stock demonstrated robust buying interest, outperforming its sector and broader market indices, while regulatory measures have temporarily frozen further trading to manage unfilled demand.
Read full news articleManaksia Steels Ltd's latest financial results for Q3 FY26 indicate a notable turnaround in performance, characterized by significant growth in both revenue and net profit. The company reported net sales of ₹317.86 crores, reflecting a sequential growth of 21.01% from the previous quarter. This marks the fourth consecutive quarter of revenue growth, showcasing a clear upward trajectory following a period of contraction in Q2 FY25. Year-on-year, revenue nearly doubled, increasing by 98.07% compared to ₹160.48 crores in Q3 FY25, driven by strong demand recovery and market share gains in the flat steel products segment. Net profit for the quarter surged to ₹9.61 crores, representing a substantial quarter-on-quarter increase of 113.56% and a remarkable year-on-year growth of 314.22% from ₹2.32 crores in Q3 FY25. This profit growth was supported by a combination of operational improvements and higher other inco...
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Manaksia Steels Ltd., a Kolkata-based manufacturer of cold rolled, galvanised, and colour-coated steel products, reported a remarkable 113.56% quarter-on-quarter surge in net profit to ₹9.61 crores for Q3 FY26, marking its strongest quarterly performance to date. The micro-cap steel manufacturer, with a market capitalisation of ₹384 crores, delivered this impressive profit jump despite the stock trading 26.41% below its 52-week high of ₹77.52, reflecting investor caution amidst a challenging sectoral environment.
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Manaksia Steels Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 07 Jan 2026. While the rating change occurred on that date, the analysis and financial metrics discussed here reflect the company’s current position as of 27 January 2026, providing investors with an up-to-date view of the stock’s fundamentals, valuation, financial trends, and technical outlook.
Read full news articleThe next results date for Manaksia Steels Ltd is scheduled for January 31, 2026....
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