Manipal Finance Corporation Hits 52-Week Low, Receives 'Strong Sell' Rating

Manipal Finance Corporation, a microcap finance company, has recently hit a 52-week low on May 10, 2024. The stock, which is listed in the finance/NBFC industry, has been given a 'Strong Sell' rating by MarketsMOJO.

The stock's price summary shows that it hit a new low of Rs. 5.05 on the day of the announcement. It also underperformed the sector by -4.87% on the same day. In the past 20 days, the stock did not trade for 5 days, indicating erratic trading behavior.

Furthermore, Manipal Finance Corporation's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

In terms of performance, the company has seen a decline of -28.17% in the past year, while the Sensex has shown a growth of 17.25% during the same period.

While the reasons for the stock's decline are not mentioned, investors should take note of the current market conditions and do their own research before making any investment decisions. Manipal Finance Corporation's stock may be a risky investment at this time, as indicated by the 'Strong Sell' rating given by MarketsMOJO.