Essen Speciality Films Ltd Hits Lower Circuit Limit with Intraday Low of Rs 262.1

Essen Speciality Films Ltd, a microcap player in the diversified consumer products sector, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 264.5, reflecting a decline of Rs 11.4 or 4.13% from the previous close. The stock reached an intraday low of Rs 262.1, marking a new 52-week low.
Throughout the trading session, the stock's performance was notably below sector averages, underperforming by 3.14%. The total traded volume amounted to 2.5596 lakh shares, resulting in a turnover of approximately Rs 6.73 crore. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite a rise in delivery volume, which increased by 40.86% compared to the 5-day average, the overall market sentiment remained cautious. The liquidity of the stock is deemed sufficient for trades of Rs 0.1 crore, based on 2% of the 5-day average traded value. Overall, Essen Speciality Films Ltd's performance today reflects ongoing challenges within the market.