Manorama Industries Achieves 52-Week High Amid Broader Market Volatility
Manorama Industries has achieved a new 52-week high in its stock price, reflecting strong performance amid a broader market decline. The company reported significant annual growth in net sales and operating profit, highlighting its financial health and consistent returns over the past three years.
Manorama Industries, a midcap player in the FMCG sector, has made headlines today as its stock price reached a new 52-week high of Rs. 1774, marking a significant milestone for the company. This surge comes amid a broader market context where the Sensex opened lower, yet Manorama Industries managed to outperform its sector by 6.69%. The stock opened with a notable gain of 5.65% and touched an intraday high of Rs. 1774, reflecting a robust performance. High volatility was observed, with an intraday fluctuation of 5.66%. Notably, Manorama Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Over the past year, the company has demonstrated impressive growth, with net sales increasing at an annual rate of 39.66% and operating profit soaring by 58.58%. The latest quarterly results showcased net sales of Rs. 289.55 crore and an operating profit to interest ratio of 8.58 times, underscoring the company's financial health. With consistent returns over the last three years and a remarkable 146.01% increase in stock value, Manorama Industries continues to solidify its position in the market.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
