Intraday Volatility and Price Movement
The stock opened with a gap up of 2.81%, signalling early optimism among investors. It even touched an intraday high of ₹195.90, marking a significant 9.17% rise from previous levels. However, this bullish momentum was short-lived as the price retreated sharply to an intraday low of ₹175, a 2.48% drop. The wide trading range of ₹20.90 during the day underscores the heightened volatility that characterised the session. Notably, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the price spectrum, suggesting selling pressure intensified as the day progressed.
Underperformance Relative to Sector and Benchmarks
Ahmedabad Steelcraft underperformed its sector by...
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