Manorama Industries Reaches All-Time High Amid Strong Financial Performance and Growth

Manorama Industries, a midcap player in the FMCG sector, has shown remarkable performance today, reaching an intraday high of Rs 1619, marking a 2.15% increase. The stock is now just 0.43% shy of its 52-week high of Rs 1620.95. Over the past year, Manorama Industries has delivered an impressive 143.08% return, significantly outperforming the BSE500 index.
The company has consistently demonstrated strong financial metrics, with net sales growing at an annual rate of 39.66% and operating profit increasing by 58.58%. In its latest quarterly results, Manorama reported a net profit growth of 43.14%, with a record net sales figure of Rs 232.81 crore and a PBDIT of Rs 63.91 crore. This marks the third consecutive quarter of positive results for the company.

Manorama Industries has also outperformed its sector by 0.25% today and has shown robust performance across various time frames, including a remarkable 584.87% increase over the past three years. The stock is trading above all key moving averages, indicating a strong upward trend. With a majority of shares held by promoters, the company continues to solidify its position in the market.