Oriental Carbon Block Deal: Bofa This is Rs. Buys a 300 crore M-Cap counter. Stock increases by 20%

Bank America (BOFA) bought 53,428 shares in Microcap Counter Oriental Carbon and Chemicals by Block Deal on Monday. Shares were purchased at a price of Rs 289.53, which was making the size of the deal at Rs 1.5 crore.

Oriental carbon shares today reached Rs 20% on the NSE or Rs 302.14 at Rs 50.35.

The company produces insoluble sulfur with the ability to make customized and value -added grade for its customers.

Shares of Oriental Carbon and Chemicals have a rally of 31% of the Nifty outperforming on a year-to-date basis, with a return of 6%. However, the stock is down 55% over a period of 1 year.

It cost its 52-week on the NSE. Also below 824. Its market capitalization is Rs 302 crore on the NSE.

Despite this fall, Oriental Carbon Shares are trading above their 50-day and 200-day easy moving average (SMA) above Rs 188 and 221, respectively.

Stock is low on volatility and traded with 1 year beta 0.9.

The company recorded a unified net profit of Rs 90 lakh in the quarter ended March 31, 2025 that Rs 14 crore in the year ago. The company’s revenue has also gone up to Rs 29 crore, which is below Rs 127 crore in the year ago.

Also Read: Ashish Kacholiya’s Portfolio Conundum: When earnings are POP, the stock price sinks up to 37% in CY 25.

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