925 per cent multibagger returns & FIIs increase stake; Board announces first ever stock split!

The stock gave multibagger returns of over 120 per cent from its 52-week low and a whopping 925 per cent in 5 years.

Manorama Industries Limited informed that the Board of Directors of the company have approved the stock split of equity shares for the first time ever i.e., sub-division of existing 1 equity share of face value of Rs 10 each fully paid up into 5 equity shares of face value of Rs 2 each fully paid-up. The company did not fix the record date yet.

Today, shares of Manorama Industries Limited plunged 0.24 per cent to Rs 1,969.85 per share with an intraday high of Rs 2,000 and an intraday low of Rs 1,958.75. The stock’s 52-week high is Rs 2,399.95 and its 52-week low is Rs 894.35.

Pioneering the unexpected, Manorama Industries crafts a unique range of speciality fats and butter using exotic seeds and nuts, from their exclusive Mango-based Cocoa Butter Equivalent (CBE) to Shea-based kinds of butter and a spectrum of Mango, Sal, and Shea specialities, positioning themselves as the world's sole creator of these delectable alternatives.

The company has a market cap of over Rs 2,300 crore with a 5-year stock price CAGR of 60 per cent. The company reported positive numbers in its Quarterly Results and annual results. According to September 2023, the shareholding of the company, FIIs has increased their stake to 2.80 per cent compared to 2.60 per cent in June 2023 shareholding pattern.

The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 894.35 per share and a whopping 925 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.