Manorama Industries Achieves 52-Week High Amid Strong Financial Performance and Investor Confidence

Manorama Industries, a midcap player in the solvent extraction industry, has made headlines today by reaching a new 52-week high of Rs. 1351. This milestone reflects a robust performance, as the stock has outperformed its sector by 3.11% and has shown a remarkable 14.8% increase over the past three days. Opening with a gain of 2.23%, the stock peaked at an intraday high of Rs. 1351, marking a 4.24% rise for the day.
The company has demonstrated impressive financial metrics, with net sales growing at an annual rate of 39.66% and operating profit soaring by 58.58%. Notably, Manorama Industries reported a net profit increase of 43.14% in its latest quarterly results, contributing to a strong performance over the past year, with a staggering 103.36% return compared to the Sensex's 7.85%.

Institutional investors have shown increasing confidence, raising their stake by 0.71% in the last quarter, now holding 7.95% of the company. With a bullish technical trend and consistent positive results over the last three quarters, Manorama Industries continues to solidify its position in the market.