Intraday Volatility and Trading Range Signal Uncertainty
The stock opened the day with a positive gap of 9.99%, reaching an intraday high of ₹26.64, signalling initial optimism among traders. However, this enthusiasm was short-lived as the share price plunged to an intraday low of ₹22.28, marking an 8.01% decline from the opening levels. The wide trading range of ₹4.36 and an intraday volatility of 8.91% underscore the heightened uncertainty and rapid price swings experienced throughout the session.
Despite the early surge, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s price spectrum. This suggests that sellers dominated the latter part of the trading session, exerting downward pressure on the stock.
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