Recent Price Movements and Volatility
Despite opening the day with a positive gap of 3.06%, the stock failed to sustain gains and experienced significant intraday volatility of 6.12%. The share price touched an intraday high of ₹70 but also fell to a low of ₹65.25, indicating strong selling pressure as the session progressed. Notably, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, signalling bearish sentiment among investors. Furthermore, Jai Balaji Industries has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, reinforcing the prevailing downtrend.
Underperformance Relative to Benchmarks
The stock’s recent performance starkly contr...
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