News and Views
Short-Term Price Movement and Volatility
On the day in question, Knowledge Marine’s stock opened with a positive gap, surging 5.64% to reach an intraday high of ₹2,899.7. However, this initial optimism was short-lived as the price retreated sharply, touching a low of ₹2,634.6 before settling near the day’s lower range. The stock traded within a wide intraday range of ₹265.1, highlighting significant volatility. The weighted average price indicated that a larger volume of shares exchanged hands closer to the lower price levels, signalling selling pressure as the session progressed.
Adding to the bearish sentiment, the stock has now declined for two consecutive days, accumulating a loss of 7.59% over this period. This recent weakness contrasts with the stock’s strong per...
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