Butterfly Gandhimathi Appliances Opens Strong with 5.73% Gain Amid High Volatility

Butterfly Gandhimathi Appliances, a small-cap player in the domestic appliances sector, has shown significant activity today, opening with a gain of 5.73%. The stock reached an intraday high of Rs 646.9, outperforming its sector by 1.03%. Despite this positive movement, the stock has exhibited high volatility, with an intraday volatility of 5.49%.
In terms of performance metrics, Butterfly Gandhimathi Appliances has recorded a 1-day increase of 2.37%, while the Sensex has only seen a modest rise of 0.13%. Over the past month, the stock's performance stands at 5.45%, compared to the Sensex's 10.40%.

Technical indicators present a mixed picture; while the stock is above its 20-day and 50-day moving averages, it remains below the 5-day, 100-day, and 200-day averages. The MACD indicates a mildly bullish trend on a weekly basis, but bearish on a monthly scale. With a beta of 1.35, Butterfly Gandhimathi Appliances is classified as a high beta stock, suggesting it tends to experience larger price fluctuations compared to the broader market.