Maan Aluminium Faces Sustained Decline Amid Broader Sector Challenges

Feb 17 2025 09:40 AM IST
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Maan Aluminium, a microcap in the Aluminium industry, has reached a new 52-week low, continuing a downward trend with a 14.74% decline over the past week. The stock has underperformed its sector and is trading below key moving averages, indicating ongoing challenges in the market.
Maan Aluminium, a microcap player in the Aluminium & Aluminium Products industry, has experienced significant volatility today, hitting a new 52-week low of Rs. 93.35. This decline marks a continued downward trend, as the stock has underperformed its sector by 0.36% and has seen a consecutive fall over the past seven days, resulting in a total drop of 14.74% during this period.

The company's performance over the past year has been notably poor, with a decline of 38.01%, contrasting sharply with the Sensex, which has gained 4.33% in the same timeframe. Maan Aluminium is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

These performance indicators highlight the challenges faced by Maan Aluminium in the current market environment, reflecting broader trends within the aluminium sector. Investors and market watchers will be keen to monitor any developments that may impact the company's trajectory moving forward.
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