Manorama Industries' Stock Sees Dip, But MarketsMOJO Gives 'Buy' Call
Manorama Industries, a midcap company in the solvent extraction industry, saw a -5.82% decline in stock performance on October 25th, 2024. However, MarketsMojo has given a 'Buy' call for the company, which has higher moving averages but lower 5-day average. In the past month, it has outperformed the Sensex with a 12.16% increase.
Manorama Industries, a midcap company in the solvent extraction industry, has recently faced a dip in its stock performance. On October 25th, 2024, the company's stock saw a decline of -5.82%, underperforming the sector by -5.72%. However, despite this recent setback, MarketsMOJO has given a 'Buy' call for Manorama Industries.
Taking a closer look at the price summary, the stock has fallen after two consecutive days of gains and touched an intraday low of Rs 920.25, a decrease of -6.3%. While the stock's moving averages are higher than the 20, 50, 100, and 200-day averages, it is currently lower than the 5-day average.
In comparison to the Sensex, Manorama Industries' 1-day performance is -6.06%, while the Sensex's performance is only -0.48%. However, over the past month, Manorama Industries has outperformed the Sensex with a 12.16% increase, while the Sensex has seen a decline of -6.44%.
Despite the recent dip in stock performance, Manorama Industries remains a strong midcap company in the solvent extraction industry. With a 'Buy' call from MarketsMOJO, investors can have confidence in the company's potential for growth and success in the future.
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