Essar Shipping's Stock Surges 9.99%, Outperforms Sector by 5.48%

Jul 15 2024 09:30 AM IST
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Essar Shipping, a smallcap company in the shipping industry, has seen a significant surge in its stock price on July 15, 2024. The stock has gained 9.99%, outperforming the sector by 5.48%. This consistent increase over the past three days has resulted in a total rise of 28.64%. Despite a 'Strong Sell' call from MarketsMojo, the stock has reached a new 52-week high of Rs.67.47 and has outperformed the overall market.


Essar Shipping, a smallcap company in the shipping industry, has seen a significant increase in its stock price on July 15, 2024. The stock has gained 9.99%, outperforming the sector by 5.48%. This surge in stock price has been consistent for the past three days, with a total increase of 28.64%.

On this day, Essar Shipping opened with a gain of 2.55% and reached a new 52-week high of Rs.67.47. The stock has also shown high volatility, with an intraday volatility of 54.25%. This is calculated from the weighted average price, indicating a significant fluctuation in the stock's value.

Essar Shipping's performance has been better than the overall market, with a 1-day performance of 9.99% compared to Sensex's 0.16%. In the past month, the company's stock has seen a remarkable increase of 52.64%, while Sensex has only seen a 4.75% increase.

Despite these positive numbers, MarketsMOJO has given a 'Strong Sell' call for Essar Shipping's stock. The company is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend.

Investors and experts have not been mentioned in this article, as it aims to provide neutral and fact-based information about Essar Shipping's stock performance. It is important to note that this article does not provide any recommendations or talk about the company's future potential.
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