Maan Aluminium’s stock surges over 60% since March—what’s fuelling the comeback?

Maan Aluminium, a manufacturer and trader of aluminium profiles, has seen a sharp rise in its stock price to INR 122.95 (USD 1.43) as of July 21, marking a significant recovery from earlier lows this year.

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The stock’s recent surge follows a challenging period beginning in late February 2025. On February 25, Maan Aluminium was trading at INR 97.50 (USD 1.12) but quickly slipped amid sector volatility and broader market weakness. After a market holiday on February 26, the stock declined further to INR 92.74 (USD 1.06) on February 27, then dropped below INR 90 (USD 1.03) and closed at INR 89.56 (USD 1.03) by February 28. 

The downtrend continued into March, culminating in a 52-week low of INR 75.51 (USD 0.88) on March 28.

However, the tide began to turn after the March low. By April 30, the stock had rebounded to INR 84.65 (USD 0.99), accelerating its gains through May and June, eventually closing at INR 122.69 (USD 1.44) on June 30. This recovery represents a strong bounce of over 60 per cent from the March trough, reflecting renewed investor confidence.