Short-Term Price Movement and Trading Activity
On the day in question, HCP Plastene’s stock underperformed its sector by 2.49%, continuing a downward trend that has persisted for three consecutive sessions. Over this period, the stock has lost 7.48% in value, signalling sustained selling pressure. Despite touching an intraday high of Rs 194.5, representing a 6.05% gain from the previous close, the stock ultimately fell to an intraday low of Rs 176, down 4.03%. This wide trading range of Rs 18.5 indicates heightened volatility and investor indecision.
The weighted average price suggests that a larger volume of shares exchanged hands closer to the day’s low, implying that sellers dominated the session. This is further corroborated by the stock’s position relative to its ...
Read More











