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

Manorama Industries, a midcap company in the solvent extraction industry, has been making waves in the stock market. On November 26, 2024, the company's stock price reached an all-time high, breaking the previous record. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

Manorama Industries has also been listed as part of the Momentumnow Stocks on MarketsMOJO since November 6, 2024. The stock has been performing exceptionally well, outperforming the sector by 2.88%. In fact, it has been on a consecutive gain streak for the last 5 days, with a remarkable 19.32% increase in its returns during this period.

Today, the stock opened with a gap up of 5.55%, and touched an intraday high of Rs. 1220. It has also shown high volatility, with an intraday volatility of 543.8%. This is calculated from the weighted average price, indicating the strong movement of the stock.

Manorama Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for the company's performance.

In terms of its one-year performance, Manorama Industries has shown a remarkable growth of 185.40%, while the Sensex has only grown by 21.83%. This shows the company's strong potential and growth in the solvent extraction industry.

With its recent achievements and strong performance, Manorama Industries is definitely a company to watch out for in the midcap segment. Investors can consider adding this stock to their portfolio for potential growth and returns.