Essar Shipping Stock Hits Upper Circuit Limit with Intraday High of Rs 29.2

Essar Shipping Ltd, a microcap player in the Transport Services industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 29.2, reflecting a 5% increase from its previous trading session. This performance is notable as it outperformed its sector by 2.7%, while the broader market, represented by the Sensex, posted a modest gain of 0.41%.
The stock's last traded price (LTP) was Rs 28.77, marking an absolute change of 0.96 and a percentage change of 3.45. Throughout the trading day, Essar Shipping experienced a low of Rs 27.07, indicating some volatility. Total traded volume reached approximately 4.22 lakh shares, contributing to a turnover of Rs 1.20 crore.

In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 24.4% compared to the 5-day average.

Overall, Essar Shipping's performance today highlights its strong market position and active trading environment, reflecting a positive sentiment among investors.