Maan Aluminium Limited, a manufacturer and trader of aluminium profiles, has reached a new 52-week low, signalling industry volatility and underperformance. Performing below average in the aluminium sector by 3.63 per cent, Maan’s stock price has hit as low as INR 85.2 (US$0.98).
Maan’s stock has been trending down consistently since February 25, when the price stood at INR 97.50 (US$1.12). After a brief holiday on February 26, the stock price on February 27 decreased to INR 92.74 (US$1.06) and dropped below INR 90, reaching INR 89.56 (US$1.03) on February 28.
Thus, Maan Aluminium’s stock price has plunged by 12.6 per cent since February 25.
The company’s performance over the past year has been challenging, seeing a decline of 41.2 per cent, representing a striking contrast with the Sensex, which has only seen a minor decrease of 1.08 per cent during the same period.
Maan Aluminium is currently trading below 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a consistent downward trend in its stock performance.
Maan’s financial performance
Maan’s Q3 FY2025 financial results also showed a bearish outcome, with revenue at INR 182.09 crore (US$20.86 million), down by 11.37 per cent from INR 295.30 crore (US$33.8 million) a quarter ago and 14.5 per cent less than INR 212.97 (US$24.39 million) a year earlier.
The company’s operating income plunged by 44.34 per cent Q-o-Q and 63.43 per cent Y-o-Y to reach INR 3.54 crore (US$405,465) in the December quarter. Net income amounted to INR 3.05 crore (US$349,341), down by 40.55 per cent Q-o-Q and 59.01 per cent Y-o-Y.
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