Mangalam Industrial Finance Faces Sustained Downward Trend Amid Market Volatility

Feb 13 2025 09:35 AM IST
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Mangalam Industrial Finance, a microcap in the finance sector, has hit a new 52-week low, reflecting significant volatility. The stock has seen consecutive losses over the past week and a substantial decline over the past year, underperforming compared to broader market indices.
Mangalam Industrial Finance, a microcap player in the finance and non-banking financial company (NBFC) sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 2.5. This decline marks a notable downturn, as the stock has underperformed its sector by 4.46%. Over the past five days, Mangalam Industrial Finance has faced consecutive losses, accumulating a steep decline of 23.8% during this period.

The company's performance over the past year has also been challenging, with a decrease of 51.43%, contrasting sharply with the Sensex, which has gained 6.56% in the same timeframe. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. These performance indicators highlight the ongoing challenges faced by Mangalam Industrial Finance in the current market environment.
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