Manaksia's Stock Hits 52-Week Low, Underperforms Sector and Moving Averages

Manaksia, a microcap company in the aluminium industry, has recently seen a dip in its stock price. On August 14, 2024, the company's stock hit a 52-week low, according to data from MarketsMOJO. The stock has been given a "Sell" rating by MarketsMOJO.

In terms of performance, Manaksia has underperformed the sector by -2.04% today. The stock has also been on a consecutive fall for the last two days, with a -5% return during this period. Additionally, the stock opened with a loss of -2.11% today and touched an intraday low of Rs 90.9, a decrease of -4.32%.

Manaksia's stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

On a positive note, Manaksia currently has a high dividend yield of 3.16% at its current price. However, the company's 1-year performance has been -27.88%, while the Sensex has seen a positive performance of 20.95% during the same period.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of Manaksia's stock. Investors are advised to do their own research and make informed decisions.