Manorama Industries' Stock Reaches All-Time High, Receives 'Buy' Call from MarketsMOJO

Nov 29 2024 11:30 AM IST
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Manorama Industries, a midcap company in the solvent extraction industry, has been making waves in the stock market with its stock price reaching an all-time high on November 29, 2024. According to MarketsMojo, the stock has been given a 'Buy' call and is included in the Momentumnow Stocks list. The company has also outperformed the sector and Sensex, making it a potential investment option for investors.

Manorama Industries, a midcap company in the solvent extraction industry, has been making waves in the stock market. On November 29, 2024, the company's stock price reached an all-time high, indicating a positive trend for the company.

According to MarketsMOJO, a leading stock market analysis platform, Manorama Industries' stock has been given a 'Buy' call. The company's stock has also been included in the Momentumnow Stocks list on MarketsMOJO since November 6, 2024.

In terms of price performance, Manorama Industries is currently 3.23% away from its 52-week high of Rs 1220. However, the stock has underperformed the sector by -1.24% in today's trading. The stock also touched an intraday low of Rs 1139, showing a slight decline of -3.06%.

In addition, Manorama Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance in the market.

Looking at the company's performance over the past year, Manorama Industries has outperformed the Sensex by a significant margin of 207.07% compared to the Sensex's performance of 19.31%.

With its strong performance and positive trend, Manorama Industries is definitely a company to watch out for in the solvent extraction industry. Investors can consider adding this midcap company to their portfolio for potential growth and returns.
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