Manaksia Aluminium Company's Stock Surges to All-Time High Despite Sell Call from MarketsMOJO.

Jan 20 2024 11:45 AM IST
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Manaksia Aluminium Company Ltd, a microcap company in the non-ferrous metal industry, has recently seen a surge in its stock price, reaching an all-time high on January 20, 2024. Despite this, MarketsMojo has given a Sell call for the stock, which is currently trading higher than its moving averages and has outperformed the sector by 4.1%. Investors should do their own research before investing.

Manaksia Aluminium Company Ltd, a microcap company in the non-ferrous metal industry, has recently seen a surge in its stock price. On January 20, 2024, the company's stock reached an all-time high, according to data from MarketsMOJO.

Despite this, MarketsMOJO has given a "Sell" call for Manaksia Aluminium Company's stock. The stock is currently trading at a price that is 1.06% away from its 52-week high of Rs 33.45. However, it has outperformed the sector by 4.1% and has been on a consecutive gain for the last two days, with a 15.37% increase in returns during this period.

On the day of the price surge, the stock touched an intraday high of Rs 33.1, a 4.61% increase, and an intraday low of Rs 30.91, a -2.31% decrease. Additionally, Manaksia Aluminium Company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Manaksia Aluminium Company's stock has shown a strong performance of 49.49%, compared to the Sensex's performance of 17.88%. This indicates that the company has been able to outperform the market despite being a microcap company in the non-ferrous metal industry.

Investors should keep an eye on Manaksia Aluminium Company's stock as it continues to show promising growth and performance in the market. However, it is important to note that MarketsMOJO has given a "Sell" call for the stock, so investors should do their own research and make informed decisions before investing.
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