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It happens every so often that investors are swept off their feet in a love affair that is quick, gushing and eccentric. Case in point, Manorama Industries and its gobsmacking rally. The small-cap company's share price nearly doubled in less than two months! Its P/E ratio mounted a high of 102 times from 52 times between March 15 and April 26, 2024. This is despite its vapid ROCE of less than 15 per cent. So, why does it still have such a hold on investors? Find out in our analysis:
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