Indo Borax & Chemicals Receives 'Hold' Rating from MarketsMOJO Amidst Bulk Deals

Indo Borax & Chemicals, a microcap company in the chemicals industry, has recently received a 'Hold' rating from MarketsMOJO. This comes after a series of bulk deals made by Graviton Research Capital Llp, where they bought and sold shares of Indo Borax & Chemicals on the National Stock Exchange (NSE).

On December 22, 2023, Graviton Research Capital Llp bought 2.57 lakh shares of Indo Borax & Chemicals at Rs 221.69 on NSE, and then sold the same number of shares at Rs 221.76 on the same day. This was followed by a similar pattern on December 21, where they bought and sold 2.37 lakh shares at Rs 204.08 and Rs 204.16 respectively. On December 20, Graviton Research Capital Llp bought 4.03 lakh shares at Rs 198.8 and sold them at Rs 199.17 on NSE.

In terms of price performance, Indo Borax & Chemicals has been in line with the sector today, but has seen a consecutive fall for the last 2 days with a -1.59% return. However, the stock's moving averages are higher than the 20, 50, 100, and 200 day averages, but lower than the 5 day average.

In comparison to the Sensex, Indo Borax & Chemicals has underperformed in the last 1 day with a -0.38% return, while the Sensex saw a 0.25% return. However, in the last 1 month, Indo Borax & Chemicals has outperformed the Sensex with a 21.84% return compared to the Sensex's 3.94% return.

Overall, Indo Borax & Chemicals has been receiving mixed reviews and its stock performance has been fluctuating. Investors are advised to hold their positions for now and keep an eye on the company's future developments.