Recent Price Movements and Volatility
Despite opening the day with a positive gap of 2.1%, Genus Prime's shares failed to sustain early gains. The stock reached an intraday high of ₹23.8, representing a modest 2.1% increase from the previous close. However, it subsequently plunged to an intraday low of ₹21, marking a sharp 9.91% decline within the same session. This wide trading range of ₹2.8 highlights the heightened volatility experienced by the stock, with an intraday volatility measure of 6.25% based on the weighted average price.
The weighted average price indicates that a larger volume of shares traded closer to the day's low, signalling selling pressure dominating the session. This pattern suggests that despite initial optimism, sellers gained control as the day...
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