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 as its stock price reached a new 52-week high of Rs. 1503.5, marking an impressive gain of 8.31% during intraday trading. This surge comes as the stock outperformed its sector by 7.41%, reflecting strong market momentum.
The company has demonstrated remarkable financial performance, with net sales growing at an annual rate of 39.66% and operating profit increasing by 58.58%. In its latest quarterly results, Manorama Industries reported a net sales figure of Rs. 232.81 crore and an operating profit margin of 27.45%, showcasing its operational efficiency.

Institutional investors have shown increasing confidence, raising their stake by 0.71% in the last quarter, now holding 7.95% of the company. This trend, coupled with a robust return on capital employed (ROCE) of 15.26%, underscores the company's strong management efficiency.

With a remarkable one-year performance of 168.69%, significantly outpacing the Sensex's 11.22%, Manorama Industries continues to solidify its position as a key player in the market.