Ester Industries Faces Significant Stock Decline Amid Broader Market Challenges

Ester Industries Ltd., a small-cap entity in the plastic products sector, has faced notable challenges today, with its stock price declining by 7.59% on January 13, 2025. This drop is significantly steeper than the sector average decrease of 4%. Over the past four days, the stock has experienced consecutive losses, accumulating a total decline of 11.99%. During today's trading session, Ester Industries reached an intraday low of Rs 145.45, marking a decrease of 7.24%. An analysis of moving averages indicates that while the stock is above its 200-day moving average, it is underperforming relative to its 5-day, 20-day, 50-day, and 100-day moving averages. In the context of the broader market, Ester Industries' performance stands in stark contrast to the Sensex, which only fell by 1.01% today. Over the past month, the company's stock has decreased by 12.18%, compared to the Sensex's decline of 6.74%. These metrics highlight the stock's current struggles within the market landscape.