Ultracab (India) Ltd Receives 'Sell' Call from MarketsMOJO After Bulk Deal.

Jan 05 2024 06:33 PM IST
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Ultracab (India) Ltd, a microcap company in the cable industry, received a 'Sell' call from MarketsMojo after a bulk deal on December 22, 2023. Despite a 0.28% outperformance today, the stock has been on a downward trend for the past two days with a 1.97% decrease in returns. However, it is still trading higher than its moving averages and has seen a significant increase in performance compared to the Sensex. Investors should conduct their own research before making any investment decisions.

Ultracab (India) Ltd, a microcap company in the cable industry, has recently received a 'Sell' call from MarketsMOJO. This comes after a bulk deal on December 22, 2023, where Kailash Kabra purchased 11.95 lakh shares at Rs 24.13 on the BSE.

Despite outperforming the sector by 0.28% today, Ultracab's stock has been on a downward trend for the past two days, with a 1.97% decrease in returns. However, the company is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Ultracab's 1-day performance is 0.90%, while the Sensex's performance is 0.25%. Over the past month, Ultracab has seen a significant increase of 32.51% in its performance, while the Sensex has only seen a 3.94% increase.

While this may seem like a positive sign for Ultracab, it is important to note that this information is based on facts and does not include any external data or sources. As a microcap company, Ultracab may be more susceptible to market fluctuations and investors should do their own research before making any investment decisions.
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