Essar Shipping Ltd Experiences Surge in Trading Activity and Investor Interest

Apr 03 2025 10:00 AM IST
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Essar Shipping Ltd has gained attention by reaching its upper circuit limit, with an intraday high of Rs 25.05. The stock has risen for three consecutive days, accumulating a total return of 15.7%. Increased trading volume and delivery participation reflect strong investor interest in the company.
Essar Shipping Ltd, a microcap player in the shipping industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 25.05, reflecting a notable increase of 4.99% during the trading session. The last traded price stands at Rs 23.86, marking an absolute change of Rs 1.13, or a percentage change of 4.97%.

The stock has shown consistent performance, gaining for three consecutive days and accumulating a total return of 15.7% over this period. Today's trading volume reached approximately 0.61764 lakh shares, with a turnover of Rs 0.1473 crore. The price band for the day was set at 5%, indicating a robust trading environment.

In terms of performance metrics, Essar Shipping has outperformed its sector by 4.1%. The stock's weighted average price suggests that more volume was traded closer to its low price of Rs 23.33. Additionally, the stock's delivery volume has increased by 30.78% compared to its five-day average, indicating rising investor participation.

Overall, Essar Shipping Ltd's performance today highlights its strong market position and positive momentum within the shipping sector.
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