Stock in downtrend: Maan Aluminium
Maan Aluminium Ltd. has experienced heavy selling for the last few days.
The quarterly results saw a drastic decline in net profit.
Net Cash Flow is zero
However, the ROE of the company has been strong at 32% in the last 3 years.
ROCE for Mar 2024 was 25%.
It is currently trading near 172 levels.
Support Levels: 159, 146, 118
Resistance Levels: 205, 235, 260
The quarterly results saw a drastic decline in net profit.
Net Cash Flow is zero
However, the ROE of the company has been strong at 32% in the last 3 years.
ROCE for Mar 2024 was 25%.
It is currently trading near 172 levels.
Support Levels: 159, 146, 118
Resistance Levels: 205, 235, 260
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