Short-Term Price Movement and Market Behaviour
Despite opening the day with a gap down of 3.5%, the stock rebounded strongly, touching an intraday high of Rs 185.50, representing a 6.55% gain by 08:39 PM on 04-Feb. This recovery is part of a two-day consecutive gain streak, during which the stock has appreciated by 10.58%. The stock outperformed its sector by 6.25% on the day, signalling a positive momentum that investors have recently favoured. However, the trading session was marked by a wide price range of Rs 17.5, indicating volatility and some uncertainty among market participants.
Volume analysis reveals a decline in investor participation, with delivery volumes on 03 Feb falling by nearly 13% compared to the five-day average. Additionally, the weighted average p...
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