Manorama Industries' Stock Price Sees 7.44% Increase, Outperforms Sector and Sensex
Manorama Industries, a smallcap solvent extraction company, saw a 7.44% increase in its stock price on February 16, 2024. It has gained 11.46% in the last 3 days and outperformed the sector by 6.19%. Rated as 'Hold' by MarketsMojo, its moving averages are higher than the 5, 20, 50, and 200 day averages. It has also outperformed the Sensex with a 1-day performance of 7.95%.
Manorama Industries, a smallcap company in the solvent extraction industry, saw a 7.44% increase in its stock price on February 16, 2024. The stock has been performing well in the past few days, gaining 11.46% in the last 3 days. It opened with a gain of 3.26% today and reached an intraday high of Rs 2000, outperforming the sector by 6.19%.
According to MarketsMOJO, a leading stock market analysis platform, the stock is currently rated as 'Hold'. The moving averages for Manorama Industries are higher than the 5, 20, 50, and 200 day averages, but lower than the 100 day average.
In comparison to the Sensex performance, Manorama Industries has outperformed with a 1-day performance of 7.95% compared to Sensex's 0.49%. In the last month, the company's performance has been positive with a 0.85% increase, while the Sensex has seen a -0.99% decrease.
Manorama Industries is a solvent extraction company operating in the smallcap segment. With its recent stock price increase and positive performance, it is a company to watch in the solvent extraction industry.
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