Eco Hotels and Resorts Receives 'Strong Sell' Rating, But Continues to Outperform Market

Eco Hotels and Resorts, a microcap company in the textile industry, has recently received a 'Strong Sell' rating from MarketsMOJO. This news comes after a series of bulk deals in which several key shareholders have sold their shares.

On December 27, 2023, A K Gupta, a major shareholder, sold 1.03 lakh shares at Rs 19.08 on the Bombay Stock Exchange (BSE). This was followed by a buy deal on December 15, 2023, where Gupta purchased 1.45 lakh shares at Rs 17.21 on the BSE. On the same day, Arjun Narayanan sold 2 lakh shares at Rs 17.02, Ezekiel Warren Dominic sold 95.35 thousand shares at Rs 18.32, and Padmanaban Senthil Selvi sold 97.25 thousand shares at Rs 18.56 on the BSE. On December 13, 2023, Balu Padmanaban and Ganga Varadarajan also sold a significant number of shares on the BSE.

Despite these bulk deals, Eco Hotels and Resorts has been performing well in the stock market. The stock has been gaining for the last 10 days and has risen by 40.55% in this period, outperforming the sector by 0.43%. However, it is important to note that the stock is currently trading higher than its 5-day and 20-day moving averages, but lower than its 50-day, 100-day, and 200-day moving averages.

In terms of overall performance, Eco Hotels and Resorts has outperformed the Sensex by a significant margin. In the last 1 day, the stock has gained 1.98% compared to the Sensex's 0.25% performance. In the last 1 month, the stock has seen a remarkable 31.02% increase, while the Sensex has only seen a 3.94% increase.

It is clear that Eco Hotels and Resorts has been making waves in the stock market, despite the recent 'Strong Sell' rating from MarketsMOJO. Investors should keep an eye on the company's performance in the coming days to see if it continues to outperform the sector and the Sensex.