Intraday Volatility and Price Movement
Balaji Telefilms began the day on a positive note, opening with a 2% gain and reaching an intraday high of ₹115, marking a 2.13% increase from the previous close. However, the stock soon reversed course, plunging to an intraday low of ₹102.20, a steep decline of 9.24%. The wide trading range of ₹12.8 highlights the stock’s heightened volatility, with an intraday volatility measure of 7.26% based on the weighted average price. This volatility indicates significant uncertainty among traders and investors during the session.
Despite the initial optimism, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, signalling selling pressure dominating the latter part of the day. This shift in tr...
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