Maan Aluminium Faces Increased Trading Activity Amid Market Volatility and Downward Pressure

Maan Aluminium Ltd, a microcap player in the Aluminium & Aluminium Products industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 79.75, reflecting a decline of Rs 2.95 or 3.57% from the previous close. The stock reached an intraday low of Rs 78.56, which is just 3.25% above its 52-week low.
The trading session saw a total volume of approximately 4.44 lakh shares, resulting in a turnover of around Rs 3.56 crore. Maan Aluminium's performance today outpaced its sector, which recorded a 1D return of -0.89%, while Maan Aluminium's return stood at -0.54%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

Despite the challenges, there has been a notable increase in investor participation, with delivery volume rising by 61.24% compared to the 5-day average. Overall, Maan Aluminium's performance today reflects ongoing volatility in the market, with the stock facing downward pressure.