Recent Price Movements and Volatility
Despite opening the day with a modest gain of 2.11%, Alfa Transformer’s shares quickly reversed course, hitting a new 52-week low of ₹35 during intraday trading. The stock exhibited significant volatility, with an intraday price range of ₹6.7 and an intraday volatility of 8.74%, indicating heightened uncertainty among investors. Notably, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, signalling selling pressure. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Underperformance Relative to Market Benchmarks
Alfa Transformer’s price tr...
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