Maan Aluminium Ltd is gaining the attention of investors as its stock continues to experience steep price moves and conflicting technical signals. A microcap in non-ferrous metals, the company’s shares are trading at INR 112.20 (USD 1.34), a gain from the last close of INR 106.90 (USD 1.28). The stock has traded in a one-year range from a 52-week high of INR 258.95 (USD 3.09) to a low of INR 75.51 (USD 0.90), evidencing the volatility of the counter.
Despite delivering a staggering 1141.49 per cent return over the last five years, the company has struggled this year, underperforming against the Sensex. Year-to-date, the stock has fallen by 11.13 per cent, compared to the benchmark’s 3.93 per cent gain.