Manaksia Aluminium Hits 52-Week Low Amid Ongoing Market Challenges

Feb 28 2025 11:05 AM IST
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Manaksia Aluminium Company has reached a new 52-week low, continuing a downward trend over the past five days with a cumulative loss. Despite outperforming its sector today, the stock remains below key moving averages and has faced a significant decline over the past year, contrasting with broader market gains.
Manaksia Aluminium Company, a microcap player in the non-ferrous metal industry, has experienced significant activity today, reaching a new 52-week low of Rs. 19.74. This decline marks a notable moment for the stock, which has been on a downward trajectory for the past five days, resulting in a cumulative loss of 14.92%.

Despite this downturn, the stock has managed to outperform its sector, which has seen an overall decline of 3.26%, by 2.79% today. However, it is important to note that Manaksia Aluminium is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend.

Over the past year, the company's performance has been challenging, with a decline of 36.00%, contrasting sharply with the Sensex, which has gained 1.86% during the same period. These metrics highlight the ongoing struggles faced by Manaksia Aluminium Company in a competitive market environment.
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