Intraday Price Movements Reflect Volatility and Profit Taking
The stock opened the day with a positive gap of 5%, reaching an intraday high of ₹136.5, signalling initial optimism among traders. However, this enthusiasm was short-lived as the price retreated sharply to touch a low of ₹123.5, marking a 5% decline from the opening levels. The wide trading range of ₹13 and an intraday volatility of 5% underscore the heightened uncertainty and active trading throughout the session.
Despite the early gains, the weighted average price indicates that a larger volume of shares exchanged hands closer to the lower price levels, suggesting that sellers dominated the latter part of the trading day. This shift contributed to the stock underperforming its sector by 4.43%, highlightin...
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