Intraday Price Movements and Volatility
The stock opened with a positive gap of 8.86%, reaching an intraday high of Rs. 449.55, signalling initial optimism among traders. However, this enthusiasm did not sustain throughout the trading session. The share price eventually slid to a new 52-week low of Rs. 405, marking a significant retreat from its earlier gains. The wide intraday trading range of Rs. 44.55 and a high volatility of 9.28% underscore the unsettled market sentiment surrounding the stock on this day.
Despite the early surge, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the price spectrum, suggesting selling pressure dominated as the day progressed. This pattern often reflects cautious or bearish investo...
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