Man Industries Surges Amid High Volatility, Outperforming Steel Sector Competitors

Mar 05 2025 02:00 PM IST
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Man Industries (India) Ltd, a small-cap company in the Steel sector, reached its upper circuit limit today, with significant intraday volatility and a total traded volume of approximately 14.26 lakh shares. The stock has shown strong performance, outpacing its sector and indicating robust market engagement.
Man Industries (India) Ltd, a small-cap player in the Steel/Sponge Iron/Pig Iron sector, has shown remarkable activity today, hitting its upper circuit limit with an intraday high of Rs 258.79, reflecting a significant change of Rs 43.13. The stock's performance has outpaced its sector by 17.19%, marking a notable achievement in a competitive market.

Throughout the trading session, Man Industries experienced a wide price range, fluctuating between a low of Rs 215.00 and the day's high, indicating high volatility with an intraday volatility rate of 5.87%. The total traded volume reached approximately 14.26 lakh shares, contributing to a turnover of Rs 34.90 crore. Notably, the stock has been on an upward trajectory, gaining 23.22% over the last two days.

In terms of moving averages, the stock is currently above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day averages. The sector itself has seen a modest gain of 2.85%, further highlighting the strength of Man Industries' performance today. Overall, the stock's activity reflects a robust engagement in the market, underscoring its current momentum.
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