Essar Shipping Stock Surges Amid Strong Market Activity and Sector Resilience

Apr 02 2025 10:00 AM IST
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Essar Shipping Ltd's stock reached the upper circuit limit, closing at Rs 22.73 after a notable increase. The stock opened with a gap up and achieved an intraday high of Rs 23.86. Despite a slight decline in delivery volume, it demonstrated strong market activity and resilience.
Essar Shipping Ltd, a microcap player in the shipping industry, has made headlines today as its stock hit the upper circuit limit, closing at an impressive high price of Rs 22.73. This marks a notable increase of Rs 1.08, translating to a 4.99% rise in value. The stock opened with a gap up of 4.97%, reflecting strong market activity.

During the trading session, Essar Shipping reached an intraday high of Rs 23.86, showcasing its robust performance against a backdrop of a sector that underperformed by 0.31%. The stock has demonstrated consecutive gains over the past two days, accumulating a total return of 10.21% during this period.

Total traded volume for the day was approximately 0.41285 lakh shares, with a turnover of Rs 0.0929 crore. Despite a slight decline in delivery volume, the stock remains liquid enough for trading, with current liquidity supporting transactions of Rs 0.01 crore.

Overall, Essar Shipping's performance today highlights its resilience in the market, with significant gains and a strong position within its sector.
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