Ester Industries Faces Significant Stock Decline Amid Broader Market Weakness

Jan 27 2025 03:35 PM IST
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Ester Industries has seen a notable decline in its stock performance, dropping significantly after a brief period of gains. The company underperformed its sector and the broader market, with substantial decreases over the past month and trading below its moving averages across multiple time frames.
Ester Industries, a small-cap player in the plastic products industry, has experienced a significant decline in its stock performance today, losing 7.55% as of January 27, 2025. This drop comes after a brief period of gains, marking a trend reversal as the stock has fallen following two consecutive days of increases.

In terms of market positioning, Ester Industries underperformed its sector, which saw an overall decline of 3.83%. The stock's performance today was notably weaker than the broader market, with a 1-day decline of 5.22% compared to the Sensex's drop of just 1.08%. Over the past month, Ester Industries has faced a substantial decrease of 12.01%, while the Sensex has only fallen by 4.23%.

Additionally, the stock is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The intraday low for Ester Industries was recorded at Rs 137.05, reflecting a decrease of 7.65% during the trading session.
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