Rama Petrochemicals Receives 'Sell' Call and Sees Consecutive Upward Trend in Stock Performance

Rama Petrochemicals, a microcap company in the trading industry, has recently received a 'Sell' call from MarketsMOJO. This decision was based on the recent bulk deal where Ramesh Chimanlal Shah, a major shareholder, sold 55.58 thousand shares at a price of Rs 4.01 on the Bombay Stock Exchange.

Despite hitting a new 52-week high of Rs.7.03 today, Rama Petrochemicals has been underperforming in the market. However, it has outperformed the sector by 5.29% in today's trading session. The stock has been on a consecutive upward trend for the past 11 days and has seen a significant increase of 63.49% in returns during this period.

In terms of moving averages, Rama Petrochemicals is currently trading above the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex performance, Rama Petrochemicals has shown a 1-day performance of 4.93% while the Sensex has only seen a 0.25% increase. Similarly, in the past month, Rama Petrochemicals has outperformed the Sensex with a 71.46% increase compared to the Sensex's 3.94% increase.

While the company's stock may be performing well in the short term, investors should take note of the recent 'Sell' call from MarketsMOJO and the bulk deal by a major shareholder. It is important to conduct thorough research and analysis before making any investment decisions.