Manorama Industries Demonstrates Strong Market Resilience Amid Broader Midcap Gains

Manorama Industries, a midcap player in the solvent extraction industry, has shown remarkable performance today, gaining 5.69% on March 24, 2025. The stock outperformed its sector by 5.25%, reaching an intraday high of Rs 1078.3, reflecting a 5.72% increase. This positive movement is supported by the company's strong positioning, as it trades above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust trend in its stock performance.
In the broader market, the Sensex has also experienced a positive trajectory, climbing 453.57 points to reach 77,909.84, marking a 1.31% increase. The midcap segment is leading the market, with the BSE Mid Cap index gaining 1.46% today. Over the past year, Manorama Industries has delivered an impressive 210.01% return, significantly outpacing the Sensex's 6.95% gain. Additionally, the stock has shown remarkable growth over three and five years, with returns of 353.42% and 2091.16%, respectively. This performance underscores Manorama Industries' strong market position and resilience in the solvent extraction sector.