Recent Price Movements and Volatility
The stock experienced a turbulent trading session on 28-Jan, marked by a wide intraday range of ₹13.9. It opened with a positive gap of 5.26%, reaching an intraday high of ₹100.00, but subsequently fell sharply to touch a new 52-week low of ₹86.10. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s range, signalling selling pressure. Intraday volatility was notably high at 7.47%, underscoring the erratic nature of the stock’s price action during the session.
Underperformance Relative to Sector and Benchmarks
Despite the textile sector gaining 3.77% on the same day, Katare Spinning Mills underperformed significantly, lagging the sector by 9.05%. Thi...
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