Intraday Price Movements and Market Context
On the day in question, Bansal Roofing’s shares opened with a positive gap of 3.48%, reaching an intraday high of ₹108.65, signalling initial optimism among traders. However, the stock also touched a low of ₹100, representing a 4.76% drop from the previous close, before settling near the lower end of the day’s range. The weighted average price indicates that a greater volume of shares traded closer to the day’s low, suggesting selling pressure intensified as the session progressed.
Notably, the stock outperformed its sector, the construction materials segment, which declined by 2.99% on the same day. This relative outperformance highlights that while Bansal Roofing’s shares fell, they did so less sharply than the broader sect...
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