Oriental Carbon shares surge 9% as BofA buys stake in Rs 300-crore microcap firm

Oriental Carbon & Chemicals shares saw a rise. This happened after Bank of America purchased shares via a block deal. The deal involved 53,428 shares at Rs 289.53 each. The total deal value reached approximately Rs 1.5 crore. The company’s stock is currently showing low volatility. However, analysts suggest a potential downside based on target prices.

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