Key Events This Week
27 Jan: Intraday high of Rs.1,177 with a 7.17% surge
28 Jan: New intraday peak at Rs.1,255.85, up 7.08%
29 Jan: Strong gap up and intraday high of Rs.1,387.4 (+7.22%)
30 Jan: Mixed technical signals amid price momentum shift, closing at Rs.1,352.25 (-1.80%)
27 January 2026: Intraday High and Strong Momentum
Manorama Industries Ltd began the week with a robust performance, closing at Rs.1,175.75, up 7.34% from the previous close. The stock reached an intraday high of Rs.1,177, marking a 7.45% increase intraday. This gain outpaced the Sensex’s 0.50% rise, signalling strong buying interest. The stock traded above its 5-day moving average, indicating short-term bullish momentum, although it remained below longer-term averages. This day’s surge reflected a positive market environment and set the tone for the week’s rally.
28 January 2026: Continued Gains and Intraday Peak
On 28 January, Manorama Industries Ltd extended its rally, surging 8.72% to close at Rs.1,278.25. The stock hit a new intraday high of Rs.1,255.85, outperforming the Sensex’s 1.12% gain by a wide margin. This marked the third consecutive day of gains, accumulating a 16.72% return over this period. The stock’s outperformance against the FMCG sector and broader market highlighted sustained investor confidence amid a broadly positive market backdrop.
29 January 2026: Gap Up and Record Intraday High
Manorama Industries Ltd opened sharply higher on 29 January, surging 6.4% above the previous close to Rs.1,252. The stock maintained strong momentum throughout the session, reaching an intraday high of Rs.1,387.40, an 8.54% increase from the prior close. It closed at Rs.1,377.10, up 7.73%. This day marked the fourth consecutive gain, with a cumulative return of 28.17% over the period. The stock traded above all major moving averages, signalling a strong bullish trend. The gap up reflected positive market sentiment, supported by very positive quarterly financial results announced the same day.
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Quarterly Results: Record Revenue and Margin Expansion
On 29 January, Manorama Industries Ltd reported stellar quarterly results for the December 2025 quarter. Net sales reached a record ₹362.54 crores, with operating profit (PBDIT) at ₹104.14 crores, translating to an operating margin of 28.73%, the highest on record. Profit after tax surged to ₹72.27 crores, with earnings per share rising to ₹12.11. Despite an increase in interest expenses to ₹13.42 crores, the company demonstrated strong operational efficiency and margin expansion amid inflationary pressures. These results underpinned the stock’s strong price performance and gap up on the same day.
30 January 2026: Mixed Technical Signals Amid Momentum Shift
On the final trading day of the week, Manorama Industries Ltd closed at Rs.1,352.25, down 1.80% from the previous close. Despite the decline, the stock remained well above its 52-week low and comfortably above key moving averages. Technical indicators presented a mixed picture: the weekly MACD remained bearish, while the monthly MACD improved to mildly bearish. The Relative Strength Index (RSI) was neutral, and Bollinger Bands suggested sideways movement weekly but bullish momentum monthly. The Know Sure Thing (KST) and On-Balance Volume (OBV) indicators were mildly bearish, indicating cautious investor sentiment. The stock’s Mojo Score stood at 55.0 with a Hold rating, reflecting this nuanced technical outlook.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.1,175.75 | +7.34% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.1,278.25 | +8.72% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.1,377.10 | +7.73% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.1,352.25 | -1.80% | 36,185.03 | -0.22% |
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Key Takeaways
Positive Signals: Manorama Industries Ltd demonstrated exceptional short-term momentum with a 23.45% weekly gain, significantly outperforming the Sensex’s 1.62%. The stock’s four-day rally included multiple intraday highs and a strong gap up, supported by record quarterly revenue and margin expansion. Technical positioning above key moving averages on 29 January indicated robust bullish sentiment. The company’s long-term returns remain outstanding, with five-year gains exceeding 900%.
Cautionary Notes: Despite strong price action, the stock’s Mojo Grade was downgraded from Buy to Hold, reflecting valuation concerns and rising interest expenses. Technical indicators on 30 January showed mixed signals, with bearish momentum persisting on weekly MACD and KST, and neutral RSI readings. Elevated volatility and a high beta profile suggest potential for price swings, warranting cautious monitoring. The stock remains below its 52-week high, indicating room for further confirmation of sustained uptrend.
Conclusion
Manorama Industries Ltd’s week was marked by a powerful rally driven by strong quarterly results, positive market sentiment, and technical breakouts. The stock’s 23.45% gain over four trading days far outpaced the Sensex, highlighting its status as a high-momentum small-cap within the FMCG sector. However, mixed technical signals and a recent downgrade to a Hold rating suggest investors should approach with measured optimism. Monitoring volume trends, momentum indicators, and the stock’s ability to sustain above key resistance levels will be crucial in assessing the durability of this rally. Overall, Manorama Industries Ltd remains a noteworthy stock for its impressive short- and long-term performance amid a complex market environment.
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