Recent Price Movement and Volatility
Betex India’s stock experienced a highly volatile trading session on 24 December, with the price swinging between an intraday high of ₹308, representing a 6.81% gain, and an intraday low of ₹259.55, a decline of 9.99%. The wide trading range of ₹48.45 indicates considerable uncertainty among investors. Despite the intraday rally, the stock ultimately closed near its low, suggesting that bearish sentiment dominated the session.
The weighted average price for the day was closer to the lower end of the range, signalling that the bulk of trading volume occurred near the lows. This pattern often indicates stronger selling interest as investors offload shares at lower prices.
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