Essen Speciality Films Faces Trading Challenges Amid Significant Stock Decline
Essen Speciality Films Ltd faced notable trading activity as its stock reached the lower circuit limit, closing at Rs 485.90 after a significant decline. The stock's performance was below the sector average, with reduced investor participation and a marked drop in delivery volume compared to recent averages.
Essen Speciality Films Ltd, a small-cap player in the plastic products industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price stood at Rs 485.90, reflecting a substantial decline of Rs 53.95 or 9.99% from the previous close. The stock's performance was notably below the sector average, underperforming by 8.12%.During the trading session, Essen Speciality Films reached an intraday high of Rs 525.55 and a low of Rs 485.90, indicating a price band of 10%. The total traded volume was approximately 1.3788 lakh shares, resulting in a turnover of Rs 6.92 crore.
In terms of moving averages, the stock is currently above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day averages. Additionally, investor participation has seen a decline, with delivery volume dropping by 61.54% compared to the 5-day average.
Overall, Essen Speciality Films Ltd's stock performance today reflects a challenging market environment, marked by significant downward pressure and reduced trading activity.
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