Recent Price Movements and Market Performance
On 19 January, Magadh Sugar & Energy Ltd’s shares traded within a notably wide intraday range of ₹49.4, reaching a high of ₹490 before slipping to a low of ₹440.6. Despite the intraday rally, the stock closed near its 52-week low, just 1.44% above the lowest price of ₹436 recorded over the past year. This proximity to the annual low highlights persistent selling pressure. The stock has declined for two consecutive days, losing 2.35% in that period, and underperformed its sector by 0.54% on the day.
Volatility has been elevated, with an intraday volatility of 10.23%, and the weighted average price indicates that most trading volume occurred closer to the lower end of the price range. Furthermore, the stock is trading bel...
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