Gala Global Products Receives 'Strong Sell' Stock Call and Insider Selling Raises Concerns

Gala Global Products, a microcap company in the printing and stationery industry, has recently received a 'Strong Sell' stock call from MarketsMOJO. This comes after a series of bulk deals in which company insiders have been selling their shares.

On January 4, 2024, Mir Amjad Ali sold 3.36 lakh shares at Rs 3.65 on the Bombay Stock Exchange (BSE). This was followed by Vishal Mulchandbhai Gala selling 7.5 lakh shares at Rs 3.45 on December 26, 2023, and Kaniz Fatma selling 3 lakh shares at Rs 3.29 on December 20, 2023.

However, there was one instance of buying by Mir Amjad Ali on December 20, 2023, when he bought 5 lakh shares at Rs 3.3 on BSE. But this was soon followed by more selling from Vishal Mulchandbhai Gala, who sold 12.2 lakh shares at Rs 3.3 on the same day.

The trend of selling continued with Vishal Mulchandbhai Gala selling 16.8 lakh shares at Rs 3.46 on December 19, 2023, and Kamal Shyamsundar Gandhi selling 6.88 lakh shares at Rs 3.64 on December 18, 2023. On December 15, 2023, Padmawati Realcon Private Limited sold 2.77 lakh shares at Rs 3.65, but Parton Traders Private Limited bought the same amount of shares at the same price.

The selling spree continued with Vishal Mulchandbhai Gala selling 14.99 lakh shares at Rs 3.63 on December 15, 2023, and Kamal Shyamsundar Gandhi buying 1.83 lakh shares at Rs 3.66 on December 14, 2023, but also selling 3.59 lakh shares at Rs 3.82 on the same day.

On December 13, 2023, Vishal Mulchandbhai Gala sold 11.06 lakh shares at Rs 3.86, followed by more selling on December 12, 2023, with 9.94 lakh shares sold at Rs 4.12. On December 11, 2023, Kailashben Ashokkumar Patel sold 2.95 lakh shares at Rs 3.99, and Vishal Mulchandbhai Gala sold 5.83 lakh shares at Rs 3.99 on the same day.

The most recent bulk deal was on December 6, 2023, when Multiplier Share & Stock Advisors Private Limited sold 5.34 lakh shares at Rs 3.89 on BSE.

In terms of price performance, Gala Global Products has outperformed the sector by 4.45% today. The stock has been gaining for the last three days and has risen by 7.65% in this period. However, it is currently trading higher than the 5-day and 20-day moving averages but lower than the 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Gala Global Products has performed better in the last 1 day with a return of 4.97% compared to the Sensex's 0.25%. However, in the last 1 month, the stock has underperformed the Sensex with a return of -4.04% compared to the Sensex's 3.94%.

Overall, the recent bulk deals and stock call from MarketsMOJO suggest a negative sentiment towards Gala Global Products. Investors should be cautious and do their own research before making any investment decisions.