Essen Speciality Films Faces Heavy Selling Pressure with 4.99% Daily Loss, Year-to-Date Drop of 66.08%

Essen Speciality Films Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.99% in its one-day performance, starkly contrasting with the Sensex's minor drop of 0.31%. Over the past week, the stock has decreased by 0.47%, while the Sensex has gained 0.41%.
In a broader context, Essen Speciality Films has seen a dramatic decline of 24.34% over the past month, compared to a 3.16% increase in the Sensex. The three-month performance reveals a staggering drop of 45.61%, while the Sensex has risen by 2.57%. Year-to-date, the stock has plummeted by 66.08%, in stark contrast to the Sensex's 7.88% gain.

The stock is currently trading close to its 52-week low, just 2.41% away from Rs 225. Additionally, it is underperforming its sector by 4.65% and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These trends indicate a challenging environment for Essen Speciality Films, contributing to the ongoing selling pressure.