News and Views
Recent Price Movements and Trading Patterns
On the day in question, the stock opened with a gap up of 2.33%, signalling early optimism among investors. It even touched an intraday high of ₹225, marking a 4.65% increase from the previous close. However, this positive momentum was not sustained, as the share price fell sharply to an intraday low of ₹209.5, a decline of 2.56%. The weighted average price indicates that a greater volume of shares traded closer to the lower end of the day’s price range, suggesting selling pressure intensified as the session progressed.
The stock’s decline after two consecutive days of gains points to a trend reversal, highlighting a shift in investor sentiment. Additionally, the stock has remained below all key moving averages — including th...
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