Manorama Industries Achieves All-Time High Stock Price Amid Strong Financial Growth

Manorama Industries, a midcap player in the solvent extraction industry, has made headlines today as its stock price reached an all-time high of Rs 1349.2. This milestone reflects a robust performance, with the stock outperforming its sector by 4.04%. Over the past three days, Manorama Industries has shown impressive momentum, gaining 14.57% in returns.
The stock opened with a gain of 2.23% today and peaked at an intraday high of Rs 1349.2, marking a 4.1% increase. Notably, Manorama Industries has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong technical position.

In terms of performance metrics, the company has demonstrated remarkable growth, with net sales increasing at an annual rate of 39.66% and operating profit rising by 58.58%. The latest quarterly results revealed a net profit growth of 43.14%, contributing to a positive trend over the last three quarters.

Institutional investors have also shown increased interest, raising their stake by 0.71% in the previous quarter, now holding 7.95% of the company. With a one-year return of 102.57%, Manorama Industries continues to showcase its market-beating performance, solidifying its position in the solvent extraction sector.