Ester Industries Sees Revision in Its Score Amid Strong Stock Performance
Ester Industries has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock has consistently outperformed its sector and the broader market, showcasing significant gains over the past few days. Despite this positive momentum, the evaluation remains cautious.
Ester Industries, a small-cap player in the plastic products sector, has recently experienced a notable uptick in its stock performance. On January 3, 2025, the stock surged by 7.96%, outperforming the broader market by a significant margin. Over the past four days, Ester Industries has shown consistent gains, accumulating a total return of 7.22% during this period.The stock reached an intraday high of Rs 162.1, reflecting a daily increase of 3.61%. This positive momentum is further underscored by the fact that Ester Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short- to long-term performance trend.
In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Ester Industries, which has now been added to MarketsMOJO's list. This revision in its score highlights the stock's recent performance and market position, providing a fresh perspective on its standing within the industry.
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