News and Views
Recent Price Movement and Volatility
Despite opening the day with a positive gap of 2.69%, the stock failed to sustain gains and experienced a sharp reversal. Intraday, the share price touched a high of ₹21, representing a 2.69% increase from the previous close, but subsequently plunged to an intraday low of ₹19, a decline of 7.09%. The wide trading range of ₹2 and an intraday volatility of 5% underscore the heightened uncertainty and fluctuating investor sentiment throughout the session.
The weighted average price indicates that a larger volume of shares exchanged hands closer to the lower end of the day’s price range, signalling selling pressure. This pattern suggests that despite initial optimism, sellers dominated the market, pushing the price down by the close.Read More
