Short-Term Price Performance and Volatility
The stock has been under pressure over the last two trading sessions, registering a cumulative loss of 8.97%. On the day in question, GTV Engineering’s shares traded within a wide intraday range of ₹6.09, touching a low of ₹57.71, which represents a 9.57% decline from previous levels. This heightened volatility, calculated at 5% based on the weighted average price, indicates increased uncertainty and selling pressure among investors.
Notably, the weighted average price suggests that a larger volume of shares exchanged hands closer to the day’s low, signalling that sellers dominated trading activity. This pattern often reflects a lack of confidence in the stock’s near-term prospects and can exacerbate downward price movements....
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