Manaksia Aluminium at a 52-week low

Manaksia Aluminium, a microcap company and a trusted name in manufacturing aluminium sheets and coils, has seen a 52-week low in its share price, closing the day (January 27, 2025) at INR 79.93 (US$0.93). Despite a brief recovery in the early morning, reaching INR 83.34 (US$0.97), the stock closed at a below-average target price, reflecting the ongoing challenges in the competitive market environment.

Image source: Freepik

Today’s decline in Manaksia’s share price is the continuation of a downtrend, having lost 2.01 per cent over the two days, remaining below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day.

Over a year, Manaksia has seen a sharp fall of 39.95 per cent in its share price, in contrast to the 7.29 per cent gain during the same period.

However, per the last fiscal results published for Q2 FY2024-25, the company experienced an 84per cent quarter-on-quarter and a 51 per cent year-on-year jump in operating income, reaching INR 150.61 crore (US$1.75). The company’s basic earnings per share was INR 0.26 versus INR 0.11 in Q1 FY2025 and INR 0.18 in Q2 FY2024.