Manaksia Aluminium Company Ltd reaches new 52-week high, outperforms sector and Sensex

Manaksia Aluminium Company Ltd, a microcap company in the non-ferrous metal industry, has recently reached a new 52-week high on January 29th, 2024. This has caught the attention of investors and analysts, with MarketsMOJO giving a "Sell" call for the stock.

The stock has been performing well, outperforming the sector by 4.38% and gaining 48.65% in the last 3 days alone. Today, the stock opened with a gain of 4.37% and reached an intraday high of Rs 45.55, which is a 5.27% increase from the previous day's close.

Manaksia Aluminium Company Ltd is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, Manaksia Aluminium Company Ltd has shown a strong performance with a 1-year return of 99.77%, while the Sensex has only gained 20.19% in the same period.

As a microcap company in the non-ferrous metal industry, Manaksia Aluminium Company Ltd has shown promising growth and potential for investors. However, it is important to do thorough research and consult with a financial advisor before making any investment decisions.