Recent Price Movement and Volatility
Despite opening the day with a positive gap of 4.52%, the stock was unable to sustain early gains, reaching an intraday high of ₹125, which represented a 4.6% increase. However, selling pressure intensified as the session progressed, pushing the price down to an intraday low matching the closing price of ₹116.70. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s range, signalling stronger selling interest towards the close. This behaviour contributed to a high intraday volatility of 5.77%, underscoring the stock’s unsettled trading environment on the day.
Technical Indicators and Market Sentiment
Banswara Syntex is currently trading below all key m...
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