Intraday Volatility and Trend Reversal
The stock experienced considerable intraday volatility on 05-Dec, trading within a wide range of ₹66.2, with a low of ₹390.9 and a high of ₹457.1, representing a 14.52% intraday gain from the low point. This wide trading band indicates active investor interest and a battle between buyers and sellers. Notably, the stock outperformed its sector by 9.63% during the day, signalling renewed buying momentum. The price movement also reflects a trend reversal after four days of declines, suggesting that investors may be responding to recent developments or technical signals.
Investor Participation and Liquidity
Investor participation has increased markedly, with delivery volume on 04-Dec rising by 101% to 1.37 lakh...
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