Manorama Industries zooms on starting commissioning process of fractionation plant
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Manorama Industries is currently trading at Rs. 470.00, up by 24.05 points or 5.39% from its previous closing of Rs. 445.95 on the BSE.
The scrip opened at Rs. 455.15 and has touched a high and low of Rs. 483.50 and Rs. 451.10 respectively. So far 10753 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 484.55 on 03-Apr-2024 and a 52 week low of Rs. 203.21 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 483.50 and Rs. 430.00 respectively. The current market cap of the company is Rs. 2841.68 crore.
The promoters holding in the company stood at 57.26%, while Institutions and Non-Institutions held 5.36% and 37.39% respectively.
Manorama Industries has initiated the commissioning process at its new state-of-art fractionation plant, boasting a 25,000-tonnes per annum (TPA) capacity. This will lead to the company's total fractionation capacity to 40,000 TPA.
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.
