Intraday Volatility and Price Movements
Digicontent Ltd’s trading on 09-Feb was characterised by a broad price range of ₹3.41, with the stock touching an intraday low of ₹23.89 before surging to its high of ₹27.30. The stock opened with a gap down of 2.09%, signalling initial bearish pressure. However, it quickly reversed course, outperforming its sector by 11.15% by the close. This volatility is further underscored by an intraday volatility measure of 5.49%, indicating heightened price fluctuations throughout the session.
Despite the strong rally, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, implying that while there was buying interest pushing the price higher, significant selling pressure remained present. This d...
Read full news article





