Kohinoor Foods Receives 'Strong Sell' Rating from MarketsMOJO, But Continues to Outperform Sector in Recent Bulk Deals

Kohinoor Foods, a microcap company in the rice and rice processing industry, has recently received a 'Strong Sell' rating from MarketsMOJO. This comes after a series of bulk deals on the National Stock Exchange (NSE) involving the company's stock.

On December 8, 2023, Citadel Securities India Markets Private Limited bought 1 lakh shares of Kohinoor Foods at Rs 57.23 on NSE, while also selling 2.28 lakh shares at Rs 57.17. Nk Securities Research Private Limited also participated in the bulk deals, buying 1.96 lakh shares at Rs 58.88 and selling the same amount at Rs 58.91. Plutus Research Private Limited and Qe Securities Llp also bought and sold large quantities of Kohinoor Foods' stock on the same day.

Despite these bulk deals, Kohinoor Foods has been performing well in the stock market. It has outperformed the sector by 0.25% and has been on a consecutive gain for the last 4 days, with a 8.15% increase in returns during this period. Additionally, the stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Kohinoor Foods' performance has been slightly lower in the short term, with a -1.01% return in the last day and a 23.16% return in the last month. However, it has still outperformed the Sensex's performance of 0.25% and 3.94% in the same time periods.

As a microcap company, Kohinoor Foods may not have the same level of investor interest or expert recommendations as larger companies. However, its recent performance in the stock market shows potential for growth and stability in the industry. Investors should keep an eye on this company as it continues to make strides in the rice and rice processing sector.