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

Nov 26 2024 09:36 AM IST
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Manorama Industries, a midcap company in the solvent extraction industry, has been making headlines as its stock price reached a 52-week high on November 26, 2024. The stock has outperformed its sector by 1.26% and has been on a consecutive gain streak for the past 5 days, with a 18.76% increase in returns. It has also shown an impressive 1-year performance of 186.06%, showcasing its strong growth and potential in the industry.

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 26, 2024. This positive trend has caught the attention of investors and market experts, 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 highlights the strong performance of Manorama Industries in the market.

In terms of price performance, the stock has outperformed its sector by 1.26% and has been on a consecutive gain streak for the past 5 days, with a 18.76% increase in returns during this period. The stock also opened with a gain of 5.55% today and reached an intraday high of Rs 1220.

Manorama Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its stock price.

In comparison to the Sensex, Manorama Industries has shown an impressive 1-year performance of 186.06%, while the Sensex has only seen a 21.87% increase. This showcases the company's strong growth and potential in the solvent extraction industry.

With its recent achievements and positive market sentiment, Manorama Industries is definitely a company to watch out for in the midcap segment.
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