Maan Aluminium Hits 52-Week Low Amid Broader Sector Challenges and Declines
Maan Aluminium has faced significant volatility, hitting a new 52-week low of Rs. 107 amid a broader decline in the Aluminium sector. The stock has seen consecutive losses over three days and is trading below key moving averages, reflecting ongoing challenges in a difficult market environment.
Maan Aluminium, a microcap player in the Aluminium & Aluminium Products industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 107. This marks a notable decline, as the stock has underperformed its sector by 3.22%. Over the past three days, Maan Aluminium has faced consecutive losses, totaling a decline of 9.89%. Today's trading saw the stock hit an intraday low of Rs. 107, reflecting a decrease of 4.76% during the session. Furthermore, Maan Aluminium is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.
In the broader context, the Aluminium & Aluminium Products sector has also faced challenges, with an overall decline of 2.68%. Over the past year, Maan Aluminium's performance has been particularly weak, showing a decrease of 25.32%, contrasting sharply with the Sensex, which has gained 7.28% during the same period. This performance highlights the ongoing struggles faced by Maan Aluminium in a challenging market environment.
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