Manorama Industries Hits All-Time High, Shows Strong Growth in Solvent Extraction Industry

Manorama Industries, a midcap company in the solvent extraction industry, has recently reached an all-time high price on October 15, 2024. The stock has been given a 'Hold' rating by MarketsMOJO. On this day, the stock hit a new 52-week high of Rs. 962 and opened with a gain of 2.23%. However, it underperformed the sector by -1.21%. The stock has shown high volatility with an intraday volatility of 304.9%, calculated from the weighted average price. Manorama Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance. In the past year, Manorama Industries has outperformed the Sensex with a growth of 109.81% compared to the Sensex's 24.03% growth. This shows the company's strong performance and potential for growth in the solvent extraction industry. Manorama Industries is a midcap company, which means it has a market capitalization between Rs. 5,000 crore and Rs. 20,000 crore. This makes it a relatively stable and established company in the industry. Investors should keep an eye on Manorama Industries as it continues to show positive growth and potential in the solvent extraction industry. However, it is always important to do thorough research and consult with a financial advisor before making any investment decisions.