Mangalam Worldwide Ltd

Stage 2 · Advancing · week 24Setup 5.7 ★ FairEven -3.8

As of 16 Oct 2026, Mangalam Worldwide is in Stage 2 — advancing, the uptrend phase, in week 24 (since 30 Apr 2026). It closed at ₹39.79, 10.8% below its 52-week high and above its 200-day average, which is rising. In Materials, 33.6% of stocks are in Stage 2.

Mangalam Worldwide Limited manufactures and sells stainless steel billets and ingots in India. More about the company

₹39.8
-1.92% today
₹1,182 Cr · Small cap
Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

5.7 ★ Fair

Momentum

Steady

Edge

Even -3.8

Setup-score rank among Stage 2 peers: #14 of 29 in Iron & Steel · #60 of 153 in Materials

Is MWL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-10.8%
₹21.4 lo₹44.6 hi
10.8% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 24
1w13w26w
Week 24 — proven structure, sweet spot
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
17.3%
200 DMA: ₹33.9 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.62x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↗
MA20 gently rising · +2.3% vs MA50 +5.3%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+0.1%
3M
+7.2%
6M
+47.4%
YTD
+49.9%
1Y
+67.4%
Sector
Materials
↓ Peaking
Stage 2%
33.6%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
This stock ranks #30 of 151 Stage 2 stocks in Materials by RS.
Industry
Iron & Steel
↑ Building
Stage 2%
36.7%
20d Δ
+1.3pp
1M return
-0.1%
3M return
+2.9%
Industry Stage-2 % · last 20 days
Ranks #7 of 28 Stage 2 stocks in this industry.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 21w
S2 16w
S2 48w
S2 24w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S3 5w → S2 2w → S3 8w → S4 10w → S1 6w → S2 21w → S3 11w → S2 16w → S3 12w → S2 48w → S3 6w → S2 24w current
Total tracked: 168 weeks across 12 stage runs.
Scan Membership
Prop Scan
Latest: 2026-10-14
Pullback Hunter
Latest: 2026-10-08
Breakout Watch
Latest: 2026-04-30
48 appearances in last 60 days. First seen: 2024-02-19.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 24 · Vol 0.62x
2026-10-15S2
Wk 24 · Vol 0.14x
2026-10-14S2
Wk 24 · Vol 0.15x
2026-10-13S2
Wk 24 · Vol 0.10x
2026-10-12S2
Wk 24 · Vol 0.12x
2026-10-09S2
Wk 23 · Vol 0.19x
2026-10-08S2
Wk 23 · Vol 0.16x
2026-10-07S2
Wk 23 · Vol 0.30x
2026-10-06S2
Wk 23 · Vol 0.24x
2026-10-05S2
Wk 23 · Vol 0.78x
2026-10-01S2
Wk 22 · Vol 0.27x
2026-09-30S2
Wk 22 · Vol 0.19x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹41
200 DMA
₹33.9
52W High
₹44.6
52W Low
₹21.4
5D Low
₹39.8
Resistance levels (recent highs)
20d High
₹44.6
60d High
₹44.6
120d High
₹44.6
250d High
₹44.6
Next resistance
+12.2%
to 20d High
Ask the Market AI about MWLAsk →
P/E (TTM)
22.6
Forward —
Earnings Growth (YoY)
+74.9%
Revenue +29.8%
Dividend Yield
0.05%
P/B 4.1
About this companyMaterials· Iron & Steel

Mangalam Worldwide Limited manufactures and sells stainless steel billets and ingots in India. The company offers stainless steel billets, flat bars, and round bars. It also provides bright bars, seamless tubes, pipes, and ERW pipes. In addition, the company is involved in the dealing and trading of steel and other merchandise, as well as offers consultancy services. Further, it provides continuous cast billets; square bars; hexagonal bars; forged quality ingots; RCS bars; hot rolled round bars; heat exchanger and U tubes; hydraulic and instrumentation tubes; and hot finish mother hollows. Its products are used in the oil and gas, refinery and petrochemicals, transportation, dairy processing equipment, power generation, heat exchangers, pharmaceuticals and medical equipment, aerospace, and defense sectors. The company offers its products under the Mangalam Saarloh and Manglam Tubicore brands. The company was founded in 1942 and is headquartered in Ahmedabad, India.

Visit company website →

All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.