Essen Speciality Films Hits Upper Circuit Limit Amid Strong Market Interest
Essen Speciality Films Ltd has reached its upper circuit limit, hitting an intraday high of Rs 464.75 with a notable increase. The stock recorded a traded volume of approximately 0.4428 lakh shares, outperforming its sector despite a slight overall decline. Its performance reflects strong market interest and liquidity.
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 an intraday high of Rs 464.75, reflecting a notable increase of 4.99% from the previous close. This surge comes after the stock opened with a gap up of 3.47%, indicating strong market interest.Throughout the trading session, Essen Speciality Films recorded a total traded volume of approximately 0.4428 lakh shares, resulting in a turnover of Rs 2.04 crore. The stock's performance today outpaced its sector by 5.14%, showcasing its resilience in a challenging market environment where the sector itself saw a slight decline of 0.09%.
Despite a trend reversal after three consecutive days of gains, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average. This performance highlights the stock's liquidity, which is sufficient for trades around Rs 0.06 crore based on 2% of the 5-day average traded value. Overall, Essen Speciality Films Ltd's strong performance today underscores its position in the market.
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