Manorama Industries' Stock Surges to 52-Week High, Outperforms Sector by 4.67%
Manorama Industries, a midcap company in the solvent extraction industry, has seen a surge in its stock price, hitting a 52-week high of Rs. 984 on October 21, 2024. The stock has been on a consecutive gain for the past two days, outperforming the sector by 4.67%. With a remarkable growth of 121.43% in the past year, the company shows strong potential in the industry. MarketsMojo has given a 'Hold' call for the stock, indicating a neutral stance.
Manorama Industries, a midcap company in the solvent extraction industry, has recently seen a surge in its stock price. On October 21, 2024, the company's stock hit a 52-week high of Rs. 984, outperforming the sector by 4.67%. The stock has been on a consecutive gain for the past two days, with a 9.52% increase in returns during this period.
Today, the stock opened with a gain of 2.38% and touched an intraday high of Rs. 984, showing a strong performance. 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 121.43%, while the Sensex has only seen a 23.84% increase. This showcases the company's strong performance and potential for growth in the solvent extraction industry.
MarketsMOJO has given a 'Hold' call for Manorama Industries' stock, indicating a neutral stance on the company's performance. With its recent surge in stock price and positive trend, Manorama Industries is definitely a company to watch out for in the midcap segment of the solvent extraction industry.
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