Intraday Performance and Trading Dynamics
Jigar Cables opened the trading session with a substantial gap up of 19.33%, signalling strong buying interest from the outset. The stock reached an intraday high of ₹70, reflecting a 19.33% increase from its previous close. Such a pronounced opening gap and intraday peak underscore a surge in demand, possibly driven by fresh investor participation or positive market sentiment towards the company.
However, the weighted average price indicates that a larger volume of shares traded closer to the day's low price, suggesting some profit-taking or cautious trading as the session progressed. Despite this, the overall price movement remained firmly positive, with the stock outperforming its sector by 10.31% on the day.
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