Persistent Downward Momentum Despite Early Gains
Although the stock opened the day with a positive gap of 6.57%, reaching an intraday high of ₹1019.95, it was unable to maintain this momentum. By the close, the price had fallen sharply, touching an intraday low of ₹935.25. The weighted average price indicates that a greater volume of shares traded closer to the lower end of the day’s price range, signalling selling pressure as the session progressed. This intraday volatility was significant, with a 7.84% range, reflecting uncertainty and active trading among investors.
Maithan Alloys has now experienced eight consecutive days of decline, resulting in a cumulative loss of 16.1% over this period. This sustained fall contrasts sharply with the broader Sensex, which has re...
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