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Manorama Industries gains on incorporating Wholly Owned Subsidiary in Togo
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Manorama Industries is currently trading at Rs. 776.65, up by 10.80 points or 1.41% from its previous closing of Rs. 765.85 on the BSE.
The scrip opened at Rs. 788.35 and has touched a high and low of Rs. 788.35 and Rs. 755.35 respectively. So far 2330 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 926.95 on 22-Aug-2024 and a 52 week low of Rs. 289.40 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 837.70 and Rs. 752.20 respectively. The current market cap of the company is Rs. 4628.76 crore.
The promoters holding in the company stood at 57.26%, while Institutions and Non-Institutions held 3.90% and 38.84% respectively.
Manorama Industries has incorporated Wholly Owned Subsidiary (WOS) of the Company with the name ‘Manorama Savanna Togo Sarl’ on September 18, 2024 in Togo. The WOS Company is incorporated with primary objective to expand business of the Company.
Manorama Industries is one of the leading manufacturers of Sal/Mango based specialty fat, which is used to manufacture Cocoa Butter Equivalent (CBE), which in turn is used as an important ingredient in Chocolate, Cosmetic & Healthcare Industries.
