DNN 
Mumbai, October 1, 2024: After a strong debut on Monday, with the stock hitting its upper circuit, Manba Finance saw profit booking take over on Tuesday. On its second trading day, the stock experienced volatility, reaching a high of ₹157.50 before closing at ₹155.
On Monday, Manba Finance’s shares opened at ₹144, significantly above its issue price, closing the day at ₹152.25, hitting the upper circuit limit. However, the enthusiasm from Monday was tempered by early profit booking on Tuesday, leading the stock to a low of ₹145.50 before rebounding slightly.
Market analysts attribute this dip to investors booking profits after the initial euphoria of the company’s strong market debut. With the stock still trading above its opening price, long-term investors may see this as a consolidation phase, while short-term traders capitalize on early gains.
As the week progresses, market participants will closely watch how the stock performs and whether it can maintain its upward momentum or see further corrections in response to broader market sentiment.
Key Highlights:
Opening price on Tuesday: ₹149.80
Closing price on Monday: ₹152.25 (Upper Circuit)
High on Tuesday: ₹157.50
Current trading price: ₹155
Low on Tuesday: ₹145.50
Investors and market watchers alike will be keen to observe Manba Finance’s movements in the coming days as the company navigates its post-listing journey.
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