Essen Speciality Films Hits Lower Circuit Limit with Low Price of Rs 231.65

Essen Speciality Films Ltd, a microcap player in the diversified consumer products industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 232.3, reflecting a decline of Rs 11.5 or 4.72% from the previous close. The stock's performance was notably below sector averages, underperforming by 4.28%.
During the trading session, Essen Speciality Films reached an intraday high of Rs 249.0 and a low of Rs 231.65, indicating a price band of 5%. The total traded volume was approximately 1.0764 lakh shares, resulting in a turnover of Rs 2.53 crore.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a downward trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 92.01% compared to the 5-day average. The stock is also close to its 52-week low, just 1.94% above Rs 228.

In summary, Essen Speciality Films Ltd's stock has faced notable challenges today, marked by a significant decline and reduced trading activity, reflecting broader market pressures.