Manappuram Finance Faces Continued Stock Decline Amid Broader Sector Weakness

Jan 27 2025 02:45 PM IST
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Manappuram Finance's stock has declined for two consecutive days, dropping 5.06% on January 27, 2025. Despite this downturn, the stock remains above several key moving averages and has gained 2.08% over the past month, showcasing relative resilience compared to the broader market's performance.
Manappuram Finance, a midcap player in the Finance/NBFC sector, has experienced a notable decline today, with its stock price dropping by 5.06% on January 27, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in a total decline of 4.62% over this period.

During today's trading session, Manappuram Finance reached an intraday low of Rs 186.45, reflecting a decrease of 5.26%. In comparison to its sector, which has seen an overall decline of 2.63%, Manappuram Finance underperformed by 1.89%.

Despite the recent downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. Over the past month, the stock has shown a modest gain of 2.08%, contrasting with the Sensex's decline of 4.30%. This performance highlights the stock's relative resilience in a challenging market environment.
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