Intraday Volatility and Price Movements
Despite opening the day with a positive gap of 7.59%, reaching an intraday high of ₹78, Margo Finance’s shares ultimately retreated sharply to close near the lower end of the day’s range. The stock traded within a wide band of ₹7.95, signalling significant volatility throughout the session. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, suggesting selling pressure intensified as the day progressed.
The stock’s intraday volatility, calculated at 5.36%, underscores the heightened uncertainty among investors. This volatility, combined with the stock closing just 2.07% above its 52-week low of ₹69.05, highlights the precarious position of Margo Finance in the curr...
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