Intraday Volatility and Price Movement
Konndor Industries opened the trading session with a positive gap, rising 4.33% initially and reaching an intraday high of ₹22.91. However, the stock could not sustain this momentum and slid sharply to an intraday low of ₹20.87, reflecting a near 5% decline from the peak. The weighted average price for the day was closer to the lower end of the range, indicating that a larger volume of shares traded near the day's low rather than the high. This suggests selling pressure intensified as the session progressed, outweighing early optimism.
Comparison with Sector and Market Benchmarks
On the day in question, Konndor underperformed its sector by 4.04%, signalling that the decline was more pronounced than the gene...
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