Recent Price Movement and Volatility
Despite opening the day with a significant gap up of 13.67%, reaching an intraday high of ₹35, Damodar Industries was unable to sustain this momentum. The stock experienced a sharp reversal, falling to an intraday low of ₹29.41, marking a wide trading range of ₹5.59. This high volatility, calculated at 15.89% based on the weighted average price, indicates considerable uncertainty among investors throughout the trading session.
The weighted average price suggests that a larger volume of shares was traded closer to the lower end of the day’s price range, signalling selling pressure as the session progressed. This intraday behaviour points to a lack of conviction in the initial gains and a preference among market participants to exit p...
Read More







