Manipal Finance Corporation Reaches New High Amid Strong Sector Performance

Jan 29 2025 02:05 PM IST
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Manipal Finance Corporation has reached a new 52-week high, showcasing strong performance with a 62.1% increase in returns over the past ten days. The stock is trading above key moving averages, and its one-year performance of 90.31% significantly surpasses the Sensex's 6.37% gain.
Manipal Finance Corporation has experienced significant activity today, reaching a new 52-week high of Rs. 11.59. This milestone reflects a robust performance, as the stock has outperformed its sector by 2.74%. Over the past ten days, Manipal Finance Corporation has shown impressive momentum, achieving a remarkable 62.1% increase in returns.

In terms of technical indicators, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The finance and non-banking financial company (NBFC) sector has also seen positive movement, gaining 2.32% today.

Looking at the broader picture, Manipal Finance Corporation has delivered an outstanding one-year performance of 90.31%, significantly outpacing the Sensex, which has recorded a gain of only 6.37% during the same period. This performance highlights the company's strong position within the finance sector, particularly as a microcap player.
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