Intraday Price Movement and Volatility
The stock demonstrated significant price fluctuations throughout the day, touching an intraday low of ₹215, representing a decline of 3.87% from the previous close, before rallying to its high of ₹239.95, a 7.29% increase. This wide trading range of ₹24.95 highlights the heightened volatility investors faced during the session. The intraday volatility, calculated at 5.48%, underscores the stock’s erratic behaviour, which may have attracted speculative interest and short-term traders looking to capitalise on price swings.
Interestingly, the stock opened with a gap down of 3.87%, signalling initial bearish sentiment. However, the subsequent recovery to the day’s high suggests a strong rebound, possibly driven by bargain hunting or p...
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