MANIKA PLASTECH LIMITED (MANIKA): MANIKA 52 Week Low Streak: why the decline is persisting
- September 23, 2026
- Posted by: Harsh Piplani
- Category: News
MANIKA PLASTECH LIMITED (MANIKA) has now traded within 2% of its 52-week low for its second straight session, and the cumulative move across that streak stands at -4.28%. The latest trough was Rs 39.49, while the current price is Rs 41.16. The supplied data confirms the repeated-low pattern, but it does not establish a company-specific cause for the continued weakness.
The previous close was Rs 41.56, the stock opened at Rs 40.30, and the intraday high matched Rs 41.16 before the session slipped to a low of Rs 39.49. Turnover stood at Rs 0.47 crore and market capitalisation at Rs 501 crore. For a reader, the repeated-low pattern matters more than a single-day move because it shows the stock is continuing to trade close to its yearly low rather than just experiencing one isolated decline.
MANIKA 52 Week Low Streak: Consecutive Low Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 41.16 |
| Previous Close | Rs 41.56 |
| Today's Move | Rs -0.4 (-0.96%) |
| Open | Rs 40.3 |
| High | Rs 41.16 |
| Low | Rs 39.49 |
| Turnover | Rs 0.47 crore |
| Market Capitalisation | Rs 501 crore |
MANIKA PLASTECH LIMITED (MANIKA) traded at Rs 41.16 versus the previous close of Rs 41.56, a fall of 0.96%. The stock opened at Rs 40.3, reached a high of Rs 41.16, touched a low of Rs 39.49.
MANIKA PLASTECH LIMITED ended the session at Rs 41.16, down Rs 0.40 or 0.96% from the previous close of Rs 41.56. The day opened at Rs 40.30, recovered to an intraday high of Rs 41.16 and then printed a low of Rs 39.49, which means the close finished at the upper end of the day’s range but still inside a weak trading band. That structure fits a stock that remains close to its yearly floor even when the last trade is not the day’s low.
For investors tracking MANIKA 52 Week Low Streak, the important point is that the present weakness is not confined to one session. The stock has spent a second straight session within 2% of its 52-week low, and the cumulative decline across the streak is already visible at -4.28%. Turnover of Rs 0.47 crore indicates the value traded in the session, while the market capitalisation of Rs 501 crore places the company in a compact valuation bracket that should be read alongside earnings and sector context, not in isolation.
What the Repeated 52-Week Lows Show
MANIKA 52 Week Low Streak is best read as a continuing price pattern, not as a one-day event. The stock has remained close to its 52-week trough for a second straight session, which means the market is repeatedly testing the same lower zone instead of moving away from it. The supplied data confirms that the stock is under persistent downside pressure in price terms, but it does not explain whether the trigger is company-specific, sector-related or simply a broader market repricing.
The key differentiator in this multi-session setup is the cumulative decline across the streak, not only the latest percentage change. A -4.28% move over the streak shows that the weakness has extended beyond a single intraday dip. For readers searching for MANIKA Consecutive 52 Week Low or MANIKA New One Year Low, the more useful takeaway is that the stock remains pinned near the yearly low zone and has not yet shown a clear move away from it.
MANIKA PLASTECH LIMITED (MANIKA) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 501 crore |
| P/E Ratio | 21.62x |
| P/B Ratio | 2.02x |
| ROE | 16.42% |
| ROCE | 19.84% |
| EPS | Rs 1.92 |
| Book Value Per Share | Rs 20.61 |
| Dividend Yield | 0% |
MANIKA PLASTECH LIMITED (MANIKA) fundamental metrics show P/E 21.62x, P/B 2.02x, ROE 16.42%, ROCE 19.84%. These figures provide context only and are not a buy or sell signal.
MANIKA PLASTECH LIMITED has a market capitalisation of Rs 501 crore, which gives readers a sense of company size before judging valuation. On valuation, P/E at 21.62x, P/B at 2.02x should be read against the sector and peer benchmarks rather than as a standalone signal. Profitability is represented by ROE of 16.42% and ROCE of 19.84%, helping investors compare shareholder returns and capital efficiency. Additional supplied metrics include EPS of Rs 1.92, book value per share of Rs 20.61, dividend yield of 0%, adding context to earnings, balance-sheet value and historical payout. Against the supplied same industry benchmark, these figures can be compared with benchmark median P/E of 15.95x, median ROE of 8.36%, median ROCE of 11.43%. These numbers explain the fundamental backdrop without converting the article into a buy or sell view.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Plastic Products |
| Industry | Plastic Products |
| Benchmark Scope | same industry |
| Company P/E Ratio | 21.62x |
| Benchmark Median P/E | 15.95x |
| Benchmark Average P/E | 29.19x |
| Benchmark P/E Range | 0x to 510.18x |
| Company P/B Ratio | 2.02x |
| Benchmark Median P/B | 1.63x |
| Company ROE | 16.42% |
| Benchmark Median ROE | 8.36% |
| Company ROCE | 19.84% |
| Benchmark Median ROCE | 11.43% |
| Company Market Capitalisation | Rs 501 crore |
| Benchmark Median Market Cap | Rs 117.84 crore |
MANIKA PLASTECH LIMITED (MANIKA) is classified under sector: Plastic Products and industry: Plastic Products.
MANIKA PLASTECH LIMITED (MANIKA) has a P/E ratio of 21.62x, which is above the benchmark median of 15.95x, a difference of +35.55%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.
MANIKA PLASTECH LIMITED (MANIKA) has a ROE of 16.42%, which is above the benchmark median of 8.36%, a difference of +96.41%. MANIKA PLASTECH LIMITED (MANIKA) has a ROCE of 19.84%, which is above the benchmark median of 11.43%, a difference of +73.58%.
Track stocks falling to yearly lows through the Univest 52-week-low screener. The peer table below provides the company-level comparison.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| TPL Plastech Ltd. | TPLPLASTEH | 508.19 | 16.87 | 2.9 | 18.37 | 22.93 |
| Hitech Corporation Ltd. | HITECHCORP | 534.51 | 32.27 | 1.94 | 4.83 | 9.69 |
| Dhabriya Polywood Ltd. | DHABRIYA | 540.62 | 16.91 | 3.96 | 19.79 | 20.43 |
| Shri Jagdamba Polymers Ltd. | SHRJAGP | 543.52 | 12.59 | 1.6 | 16.44 | 18.53 |
| Nahar Poly Films Ltd. | NAHARPOLY | 548.31 | 7.92 | 0.66 | 8.07 | 10.69 |
MANIKA PLASTECH LIMITED (MANIKA) has a P/E ratio of 21.62x compared with the displayed peer median of 16.87x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 16.42% compares with a peer median of 16.44% across the companies shown in the table. ROCE stood at 19.84% versus the displayed peer median of 18.53%, providing a capital-efficiency comparison. MANIKA PLASTECH LIMITED (MANIKA) has a market capitalisation of Rs 501 crore. Among the 5 peers shown, 5 have a larger market capitalisation.
Why Investors Are Watching
- The stock has traded within 2% of its 52-week low for a second straight session, keeping MANIKA 52 Week Low Streak in focus.
- The cumulative streak move of -4.28% shows the weakness has extended beyond one trading day.
- The current price of Rs 41.16 remains close to the latest trough of Rs 39.49, which keeps the yearly low zone relevant.
- Valuation and profitability ratios can be checked against peers to see whether the market is pricing in a wider reset.
- Turnover, market capitalisation and sector context help readers track whether the decline remains confined to this stock or reflects a broader pattern.
About the Company
MANIKA PLASTECH LIMITED is listed on NSE and BSE and operates in the Plastic Products sector and industry. The company’s current market capitalisation is Rs 501 crore, with reported revenue, profit, asset and liability details not included in this event data set. Even so, the available ratios, market cap and sector position give a usable snapshot for readers following MANIKA Stock News and MANIKA Stock Performance.
The company’s operating profile in the supplied data shows ROE of 16.42%, ROCE of 19.84%, EPS of Rs 1.92 and book value of Rs 20.61. Those numbers matter because they frame the stock’s valuation and help distinguish price weakness from business fundamentals. For readers tracking MANIKA Share Price Update, the company background is useful mainly as context for the repeated near-52-week-low pattern rather than as a standalone story.
Track MANIKA on Univest
If you are following the MANIKA 52 Week Low Streak, the next useful step is to monitor the share price page on Univest for the latest session data, valuation checks and market update coverage. That helps keep the repeated-low pattern in context alongside future trading sessions, peer movement and company announcements.
Frequently Asked Questions
What does MANIKA 52 Week Low Streak mean?
Ans. It means MANIKA PLASTECH LIMITED has traded within 2% of its 52-week low for consecutive sessions. In this case, the stock has done so for a second straight session, which highlights a repeated near-yearly-low pattern.
How many sessions has MANIKA traded near its 52-week low?
Ans. The stock has traded within 2% of its 52-week low for two consecutive sessions. The supplied streak label is, second straight session,, which is the exact framing to use for this event.
What is the cumulative move across the MANIKA 52 Week Low Streak?
Ans. The cumulative decline across the streak is -4.28%. That figure comes from the supplied event data and is the best way to understand the full streak rather than looking only at one trading day.
Did MANIKA set a fresh 52-week low today?
Ans. The data shows the stock traded near its 52-week low again, but it does not require a fresh 52-week low to be set. The correct interpretation is that the stock remained close to the yearly trough.
What was MANIKA’s latest trading range?
Ans. The stock opened at Rs 40.30, moved to a high of Rs 41.16 and touched a low of Rs 39.49 before closing at Rs 41.16. That places the close near the top of the intraday range, even though the broader.
Is MANIKA 52 Week Low Streak linked to a confirmed company-specific cause?
Ans. No confirmed cause is established in the supplied data. The numbers confirm the repeated low pattern, but they do not identify whether the move is driven by company-specific news, sector behaviour or broader market conditions.
How does MANIKA compare with peers in Plastic Products?
Ans. MANIKA’s valuation sits above the sector median on P/E and P/B, while its ROE and ROCE are above the sector median too. Compared with peers such as TPL Plastech, Dhabriya Polywood and Shri Jagdamba Polymers, it is useful to compare.
What should investors monitor after a MANIKA Consecutive 52 Week Low event?
Ans. Investors can monitor whether the stock stays pinned near the yearly low, whether turnover and valuation stay stable, and whether future company updates or sector trends alter the repeated low pattern. The current data only confirms the streak, not a.
Track MANIKA PLASTECH LIMITED (MANIKA) Share Price on Univest
Use MANIKA PLASTECH LIMITED (MANIKA) live share-price page, Univest 52-week-low screener, Univest market blogs to review live stock data, yearly-low lists and related market analysis.
