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

Manorama Industries, a midcap player in the FMCG sector, has shown remarkable performance today, nearing its 52-week high. The stock is currently just 0.41% away from its peak of Rs 1568, having reached an intraday high of Rs 1561.55, reflecting a 3.29% increase for the day. Over the past two days, Manorama Industries has gained 7.28%, outperforming its sector by 3.18%.
The company has demonstrated impressive financial metrics, with a year-on-year net sales growth of 39.66% and an operating profit increase of 58.58%. Its net profit has also surged by 43.14%, showcasing strong quarterly results over the last three consecutive quarters. The latest quarterly figures reveal record highs in net sales at Rs 232.81 crore and PBDIT at Rs 63.91 crore, with an operating profit margin of 27.45%.

Institutional investors have shown increased confidence, raising their stake by 0.71% to hold 7.95% of the company. With a remarkable 139.01% return over the past year, Manorama Industries continues to stand out in the market, reflecting its robust growth trajectory and solid financial health.