Essar Shipping Faces Tough Time in Stock Market, Receives 'Strong Sell' Call
Despite trading higher than its moving averages, the stock has recently faced a significant underperformance compared to the sector, with a consecutive fall of -9.74% in returns over the past two days.
Essar Shipping, a smallcap company in the shipping industry, has been facing a tough time in the stock market recently. According to MarketsMOJO, the stock has been given a 'Strong Sell' call, with a loss of -5.0% on the opening day today. This is a significant underperformance compared to the sector, with a difference of -3.91%.
The stock has been on a downward trend for the past two days, with a consecutive fall of -9.74% in returns. Today, it opened with a gap down of -5%, touching an intraday low of Rs 64.6. The stock has been trading at this price since the opening, showing no range.
Despite the current situation, Essar Shipping is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. However, its performance in the past month has been lower than the Sensex, with a return of 19.56% compared to the Sensex's 4.98%.
It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone, without any mention of future potential, investor interest, or expert opinions. As a smallcap company in the shipping industry, Essar Shipping's stock performance will continue to be closely monitored by investors.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
