Microcap IT Software Company, Asit C Mehta Financial Services Ltd, Makes Headlines with Recent Bulk Deals

Asit C Mehta Financial Services Ltd, a microcap IT software company, has recently made headlines with two bulk deals on the Bombay Stock Exchange (BSE). On January 1, 2024, Manju Gaggar, a major shareholder of the company, sold 42.87 thousand shares at a price of Rs 147.89 per share. This was followed by another bulk deal on December 6, 2023, where Sunil Singhal, another major shareholder, sold 39 thousand shares at Rs 215.83 per share.

The stock's performance today has been in line with the sector, with a gain of 2.93% in the last two days. However, the stock opened with a gap down of -3.67% today. It touched an intraday high of Rs 157 (2.88%) and an intraday low of Rs 147 (-3.67%). The stock's moving averages are higher than the 5-day, 50-day, 100-day, and 200-day moving averages, but lower than the 20-day moving average.

In comparison to the Sensex, Asit C Mehta Financial Services Ltd has underperformed in the last 1 day and 1 month, with a return of -0.33% and -13.97% respectively, while the Sensex has shown a return of 0.25% and 3.94% in the same periods.

These recent bulk deals have caught the attention of investors, but the company's performance and stock price have been volatile. Asit C Mehta Financial Services Ltd continues to operate in the IT software industry, but its future potential and investor interest should not be considered at this time. This is simply an update on the company's recent bulk deals and stock performance.