Manorama Industries was trading sharply higher on the BSE in the session, up about 6.8% at around Rs. 1,170 versus the previous close of Rs. 1,095.40, after touching an intraday high near Rs. 1,177. The move came on relatively light tape, with the day’s turnover around Rs. 1.35 crore and traded volume near 0.12 lakh shares, while the stock’s VWAP was about Rs. 1,140, indicating the bulk of trades were executed below the day’s peak even as sentiment stayed positive.

The stock is up largely on pre-results positioning, with the company set to hold a board meeting on January 28, 2026 to approve its unaudited Q3/9M FY26 financial results, alongside an earnings conference call the same day.

Sentiment is also being supported by the company’s recent growth commentary, where it has previously revised FY26 revenue guidance upward to about Rs. 1,150 crore-plus on the back of strong momentum and outlined a capacity expansion from 40,000 to 52,000 metric tonnes per annum through plant upgradation.

At a thematic level, investors continue to track Manorama’s positioning in specialty fats / cocoa butter equivalents (CBE), a segment that tends to gain relevance when cocoa-butter prices are volatile and manufacturers look for cost-effective, consistent alternatives, an industry narrative that can influence near-term stock moves even ahead of earnings.