Key Events This Week
17 Aug: Sharp 3.88% drop amid technical downshift
18 Aug: Valuation shifts from expensive to fair; Mojo Grade downgraded to Sell
20 Aug: Minor price correction despite Sensex rebound
21 Aug: Week closes at Rs.721.70, down 3.98% for the week

ICE Make Refrigeration Ltd is Rated Sell
2026-08-22 10:10:15ICE Make Refrigeration Ltd is rated Sell by MarketsMOJO, with this rating last updated on 17 August 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 22 August 2026, providing investors with an up-to-date view of the company’s fundamentals, returns, and market standing.
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ICE Make Refrigeration Ltd Faces Technical Downshift Amid Price Momentum Weakness
2026-08-18 08:07:03ICE Make Refrigeration Ltd, a micro-cap player in the industrial manufacturing sector, has experienced a notable shift in its technical momentum, moving from a mildly bullish stance to a mildly bearish outlook. This change comes amid a 3.88% decline in its share price to ₹722.45, reflecting growing investor caution despite the company’s strong long-term returns relative to the Sensex.
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ICE Make Refrigeration Ltd Valuation Shifts Signal Changing Market Sentiment
2026-08-18 08:01:56ICE Make Refrigeration Ltd, a micro-cap player in the industrial manufacturing sector, has witnessed a notable shift in its valuation parameters, moving from an expensive to a fair valuation grade. Despite a recent downgrade in its Mojo Grade from Hold to Sell, the company’s price-to-earnings (P/E) and price-to-book value (P/BV) ratios suggest evolving market perceptions amid challenging sector dynamics and broader market volatility.
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