News for Manorama Industries Limited (MANORAMA.BO)

In the forthcoming earnings season, Emkay Global Financial Services believes that the near-term sector outlook staying muted, on weak execution by companies and an unfavourable macro.

Manorama Industries Ltd. promoters Vinita Ashish Saraf, Shrey Ashish Saraf and Agastya Saraf along with shareholder Ritu Saraf have offloaded stake worth Rs 200 crore through open market transactions on Tuesday. On the other hand, fund houses like LIC Mutual Fund, Bank of India Mutual Fund and Aditya Birla Sun Life Mutual Fund bought shares in the company.

A total of 38 companies, which are part of the BSE Midcap and BSE Smallcap indices, have reported over a 100% growth in net profit during the September 2024 quarter.

Domestic equity indices declined on Wednesday, led by falling financial stocks amid foreign outflows and weak corporate earnings. The BSE Sensex dropped 426 points and the NSE Nifty fell 126 points, with analysts noting a rangebound trading pattern likely to persist.

UltraTech, HCL Tech, HUL, Adani Power, Mazagaon, Lemon Tree & Exicom Tele and more may remain under the spotlight before the opening bell on Tuesday, August 27.

Manorama Industries Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported sales was INR 1,293.35 million compared to INR 1,017.43...

The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.

Support for the Nifty is seen at 22,000 and 21,700-800 levels. On the higher side, the immediate resistance for the Nifty is at 22,150-175 levels, followed by 22,300-350. Overall, the coming week should set up the market for a large trending move.

The Indian rupee touched record low 83.57 during the week and ended marginally lower at 83.47 on April 19 against its April 12 closing 83.42.

Manorama Industries Limited boosts fractionation capacity, enhancing growth in specialty fats & butters industry, shares rise by 5.39%.

The Indian rupee ended flat at 83.40 against the US dollar in the week ended March 28 against its March 22 closing 83.42.

The Nifty encountered initial resistance near its previous swing high of 22,526. Consequently, to sustain a continued rally, it must surpass the 22,525 level decisively. On the downside, 22,200 could serve as short-term support, says Rupak De, Senior Technical Analyst, LKP Securities.

BSE Sensex added 49.49 points or 0.08 per cent to 59,549.90, while NSE's Nifty50 Index settled at 17,662.15, gaining 13.20 points or 0.07 per cent for the day.

While bulls were in control, 71 stocks on BSE soared to fresh 52-week highs while 23 scrips were at new lows. Some of the marquee names at fresh highs include ITC, Chalet Hotels, Siemens, and many more.

On BSE Sensex, a total of 67 stocks rose to new 52-week highs in the afternoon deals.

BSE Sensex and NSE Nifty 50 were trading nearly 1 per cent down on Friday, dragged by losses in index heavyweights such as Reliance Industries, ICICI Bank, Bharti Airtel.

Shares of Adani Wilmar and Ruchi Soya hit 5% lower circuit on the BSE amid volatile sentiment in the broader indices.

Bajaj Finance, SBI Life Insurance and Dr. Lal Pathlabs among the names of 15 stocks

Stocks in news: Adani Wilmar, TVS Motors, Castrol India, Biocon, L&T, Minda Industries and more