Manaksia Coated Metals Hits New 52-Week High, Surpassing Sector Performance

Dec 30 2024 09:35 AM IST
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Manaksia Coated Metals & Industries has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock reached a new 52-week high, outperforming its sector and demonstrating impressive annual returns, significantly exceeding broader market indices.
Manaksia Coated Metals & Industries has recently achieved a significant milestone, reaching a new 52-week high of Rs. 117 on December 30, 2024. This microcap company, operating within the engineering sector, has demonstrated impressive performance metrics, notably outperforming its sector by 3.99% today.

The stock has shown a consistent upward trend, gaining for three consecutive days and delivering a remarkable 13.04% return during this period. It opened with a notable gain of 2.72%, reflecting strong market activity. Throughout the trading day, the stock reached an intraday high of Rs. 117, marking a 4.5% increase.

In terms of moving averages, Manaksia Coated Metals is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust performance trajectory. Over the past year, the company has achieved an impressive 315.19% increase, significantly outpacing the Sensex, which recorded an 8.73% rise during the same timeframe. This performance underscores the company's strong market position within its industry.
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