Ester Industries Ltd. Hits 52-Week High, Outperforms Sensex in Plastic Products Industry

Ester Industries Ltd., a smallcap company in the plastic products industry, has recently hit a 52-week high on August 22, 2024. The stock has been performing well in the market, with a current price of Rs.164.9, which is an increase of 4.85% compared to the sector's performance.

In the last 3 days, the stock has shown consecutive gains and has risen by 13.84%. This positive trend is also reflected in the stock's performance compared to its moving averages, as it is trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Ester Industries Ltd. has outperformed the Sensex with a 69.07% return, while the Sensex has only shown a 24.23% return. This showcases the company's strong performance and growth potential in the plastic products industry.

Investors and market experts have taken notice of Ester Industries Ltd.'s success, with MarketsMOJO giving a 'Sell' call for the stock. However, it is important to note that this is not a recommendation, but rather a fact-based analysis of the stock's performance.

With its recent 52-week high and consistent growth, Ester Industries Ltd. is definitely a company to watch in the smallcap plastic products industry.