Kacholia’s 1.97% stake purchase in Venus Pipes comes on the back of a strong rally in the stock with multibagger returns of more than 240% in the last 12 months, which are almost 20 times higher than the returns given by S&P BSE Sensex during this period. In this year alone, the stock price has shot up 73%.
Death Crossovers: These 5 stocks signal bearishness on March 17
In the Nifty500 pack, five stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness.