Intraday Price Movement and Volatility
Ausom Enterprise began trading with a gap up, opening 2.46% higher, and even touched an intraday high of ₹121, representing a modest 2.54% gain from the previous close. However, the stock reversed sharply during the session, hitting a low of ₹106.60, which corresponds to the day's closing price and a steep decline of 9.66%. The wide intraday trading range of ₹14.4 highlights the considerable price swings experienced by the stock throughout the day.
The weighted average price indicates that a larger volume of shares was traded closer to the lower end of the price spectrum, signalling selling pressure as the session progressed. This was accompanied by an intraday volatility of 5.83%, underscoring the heightened uncertainty and rapid...
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