Essen Speciality Films Ltd Surges, Indicating Strong Investor Interest and Market Position
Essen Speciality Films Ltd has gained attention by reaching its upper circuit limit, with a notable increase in stock price. The trading session saw significant investor interest, reflected in a higher delivery volume compared to previous averages. The stock remains above several key moving averages, indicating strong market performance.
Essen Speciality Films Ltd, a small-cap player in the diversified consumer products sector, has made headlines today by hitting its upper circuit limit. The stock reached a high price of Rs 473.0, reflecting a notable change of Rs 12.6, or 2.8%, from its last traded price of Rs 463.1. This performance is particularly impressive as it outperformed its sector by 2.14%.Throughout the trading session, the stock exhibited a low price of Rs 445.5, with a total traded volume of 0.8316 lakh shares, resulting in a turnover of approximately Rs 3.82 crore. The stock's performance today indicates a strong investor interest, with a delivery volume of 86.4 thousand shares on June 19, marking a 47.06% increase compared to the five-day average delivery volume.
In terms of moving averages, Essen Speciality Films is currently above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average. Overall, the stock's performance today highlights its robust market position and liquidity, making it a noteworthy mention in the small-cap segment.
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