Intraday and Short-Term Price Movements
Evans Electric opened the trading session with a gap up of 2.46%, signalling early buying interest among investors. The stock further extended its gains during the day, reaching an intraday high of ₹128, which represents a 4.92% increase from the previous close. This strong intraday performance allowed the stock to outperform its sector by 3.71%, indicating relative strength within its industry group on this particular day.
Despite this positive momentum, trading activity has been somewhat erratic recently. The stock did not trade on two days out of the last twenty, suggesting intermittent liquidity or investor hesitation. Moreover, delivery volumes have declined sharply; on 12 Dec, the delivery volume was just 1,000 shares, mark...
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