News and Views
Recent Price Movement and Volatility
The stock hit a fresh 52-week low of ₹31.76 during intraday trading on 27-Mar, underscoring the bearish sentiment prevailing among investors. Although the share price touched an intraday high of ₹35.15, representing a 3.53% gain from the previous close, it ultimately succumbed to selling pressure. The wide trading range of ₹3.39 and an intraday volatility of 5.05% reflect heightened uncertainty and active price swings throughout the session.
Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, suggesting that sellers dominated the market. This pattern often signals a lack of conviction among buyers and can foreshadow further downside pressure.
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