News and Views
Recent Price Movement and Volatility
Elixir Capital’s shares hit a new 52-week low of ₹91.85 during the trading session, underscoring the persistent selling pressure. Despite touching an intraday high of ₹101.60, representing a 3.46% gain from the previous close, the stock ultimately succumbed to downward momentum. The wide intraday trading range of ₹9.75 and an intraday volatility of 5.03% highlight the heightened uncertainty and fluctuating investor sentiment surrounding the stock.
The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling stronger selling interest as the session progressed. This pattern often suggests that sellers dominated the market, pushing prices lower despite intermittent buying attempts.
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