Manorama Industries' Stock Reaches 52-Week High, Outperforms Sector and Sensex

Nov 25 2024 09:36 AM IST
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Manorama Industries, a midcap company in the solvent extraction industry, has been making headlines for its strong performance, with its stock reaching a 52-week high on November 25, 2024. The stock has been included in the Momentumnow Stocks list on MarketsMojo and has outperformed the sector and Sensex, making it a potential investment opportunity for investors.

Manorama Industries, a midcap company in the solvent extraction industry, has been making headlines recently as its stock price reached a 52-week high on November 25, 2024. This positive trend has caught the attention of investors and analysts, with MarketsMOJO giving the stock a 'Buy' call.

The company's stock has also been included in the Momentumnow Stocks list on MarketsMOJO since November 6, 2024. This further solidifies the company's strong performance and potential for growth.

On November 25, the stock opened with a gain of 5.02% and touched an intraday high of Rs 1151.35, outperforming the sector by 4.22%. This marks the fourth consecutive day of gains for Manorama Industries, with a total return of 13.07% in this period.

In addition, the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Looking at the company's performance over the past year, Manorama Industries has outperformed the Sensex by a significant margin, with a return of 175.42% compared to the Sensex's 21.73% performance.

With its strong performance and positive outlook, Manorama Industries is definitely a company to watch in the solvent extraction industry. Investors can consider adding this midcap stock to their portfolio for potential growth and returns.
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