Manorama Industries' Stock Reaches All-Time High, Outperforms Sector and Sensex

Oct 14 2024 10:10 AM IST
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Manorama Industries, a midcap company in the solvent extraction industry, has reached an all-time high stock price on October 14, 2024. It has been given a 'Hold' rating by MarketsMojo and is currently trading above its moving averages. With a remarkable growth of 109.17% in the past year, the company shows strong potential in the industry.

Manorama Industries, a midcap company in the solvent extraction industry, has recently seen a surge in its stock price, reaching an all-time high on October 14, 2024. The stock has been given a 'Hold' rating by MarketsMOJO, a leading financial analysis and research firm.

According to price data, Manorama Industries is currently trading at a price that is 2.08% away from its 52-week high of Rs 926.95. The stock has also outperformed the sector by 2.5% in today's trading session, with an intraday high of Rs 912.3, a 2.9% increase from the previous day's close.

In terms of moving averages, Manorama Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Manorama Industries has shown a remarkable growth of 109.17%, outperforming the Sensex's performance of 23.53%. This highlights the company's strong performance and potential for growth in the solvent extraction industry.

Manorama Industries has established itself as a midcap player in the solvent extraction industry, with a strong track record of growth and performance. With its recent surge in stock price and positive outlook, the company is poised for continued success in the future.
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