News and Views
Recent Price Movements and Volatility
Despite opening the day with a positive gap of 5.4%, the stock failed to sustain gains and experienced significant intraday volatility. It reached an intraday high of ₹40.4, representing a 5.4% increase from the previous close, but also touched a low of ₹35.65, down 6.99%. The wide trading range of ₹4.75 and an intraday volatility of 6.23% underscore the unsettled trading environment for Alfa Transformers on this date.
Notably, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s price range, signalling selling pressure as the session progressed. This pattern suggests that despite initial optimism, sellers dominated the market, pushing the price down by the close.
