Intraday Performance and Volatility
Modison’s shares experienced a turbulent trading session on 08-Dec, with the stock touching an intraday low of ₹140.05, representing an 8.25% drop from previous levels. The stock traded within a wide price range of ₹14.6, indicating substantial price swings throughout the day. This heightened volatility was further underscored by an intraday volatility measure of 5.92%, calculated from the weighted average price, signalling increased uncertainty among investors.
Notably, the weighted average price suggests that a larger volume of shares exchanged hands closer to the day’s low price, implying selling pressure dominated the session. This volume-weighted price action often reflects bearish sentiment, as investors appear more inclined to...
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