Intraday Volatility and Market Underperformance
During the trading session on 26 November, Bonlon Industries experienced notable volatility, with its share price oscillating between an intraday high of ₹43.88 and a low of ₹38.05, representing a wide range of ₹5.83. Despite touching a peak gain of 3.76%, the stock ultimately closed near its low point, indicating selling pressure towards the end of the day. The weighted average price suggests that a larger volume of shares traded closer to the lower end of the day’s range, reinforcing the bearish sentiment among investors.
Furthermore, the stock underperformed its sector by 8.59% on the day, signalling relative weakness compared to its peers. This underperformance is compounded by a sharp decline in delivery volume, whic...
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