Manorama Industries shares surge over 8% after strong Q1 results
Manorama Industries shares surged after Q1FY27 net profit jumped 67.6% YoY to ₹78.7 crore, aided by a better product mix, higher capacity and strong demand from chocolate, confectionery and cosmetics sectors.
Manorama Industries shares experienced a significant surge of over 8% to reach Rs 1,747.25 on the BSE on Friday. This positive movement propelled the stock close to its 52-week high of Rs 1,867, as investors reacted favorably to the company's strong earnings performance in the June quarter. The impressive earnings growth was primarily driven by a remarkable 67.6% increase in net profit, indicating robust financial health and operational efficiency.
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