Short-Term Price Movement and Volatility
Bhagawati Oxygen’s stock price demonstrated notable strength on 05-Dec, advancing by ₹3.74 or 9.29% to close near its intraday high of ₹44.23, which marked a 9.89% gain from the previous close. The stock traded within a wide range of ₹5.83 during the day, indicating heightened volatility with an intraday volatility measure of 7.04%. This volatility suggests active trading interest and price discovery, although the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s lower price levels.
Despite this volatility, the stock has been on a positive trajectory for the last two consecutive days, accumulating a 9.67% return over this brief period. This short-term momentum has allowed Bhagawa...
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