Recent Price Movement and Volatility
MIRC Electronics opened the trading session with a gain of 2.19%, reaching an intraday high of ₹23.80. However, the stock failed to sustain this momentum and plunged to an intraday low of ₹21.58, marking a steep fall of 7.34% from the peak. The wide trading range of ₹2.22 and an intraday volatility of 6.34% underscore the stock’s turbulent price action during the day. Notably, the weighted average price indicates that a larger volume of shares was traded closer to the lower price levels, signalling selling pressure as the session progressed.
Short-Term Downtrend and Underperformance
The stock has been on a downward trajectory for the past two days, cumulatively losing 9.13% in returns. This recent decline con...
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