Sturdy Industries' Strong Performance and Significant Bulk Deals Draw Attention in Stock Market

Sturdy Industries, a microcap company in the plastic products industry, has been making headlines in the stock market recently due to some significant bulk deals. On January 4, 2024, Gopal Verma sold 11 lakh shares of Sturdy Industries at a price of Rs 0.55 on the BSE. On the same day, Multiplier Share & Stock Advisors Private Limited bought 24.92 lakh shares at the same price. However, they also sold 27.11 thousand shares at a slightly higher price of Rs 0.59.

In another deal on the same day, Topgain Finance Private Limited sold 18 lakh shares of Sturdy Industries at Rs 0.55 on the BSE. On December 27, 2023, Indian Bank sold a whopping 54 lakh shares of Sturdy Industries at a lower price of Rs 0.49, while Multiplier Share & Stock Advisors Private Limited bought 49.25 lakh shares at the same price. On December 26, 2023, Indian Bank sold 30.03 lakh shares at Rs 0.49 on the BSE.

The company also saw a deal on December 22, 2023, where Indian Bank sold 1 lakh shares at Rs 0.5 on the BSE, while Raghav Kamalaksh Rao bought 9.61 lakh shares at a slightly higher price of Rs 0.51. On December 13, 2023, Indian Bank sold 11 lakh shares at Rs 0.67 on the BSE.

Despite these bulk deals, Sturdy Industries has been performing well in the stock market. On January 4, 2024, the company outperformed the sector by 3.26%. It is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In comparison to the Sensex, Sturdy Industries' 1-day performance was 1.79% while the Sensex's performance was only 0.25%. In the past month, the company's performance was 7.55% compared to the Sensex's 3.94%.

Sturdy Industries' consistent performance and recent bulk deals have caught the attention of investors and analysts. With its strong presence in the plastic products industry, the company is poised for growth in the future.