Intraday Price Movements and Volatility
The stock opened with a gap down of 3.49%, setting a negative tone for the trading session. Despite briefly touching an intraday high of ₹105, representing a 4.58% rise from the previous close, the share price quickly reversed course. It plunged to an intraday low of ₹80.35, marking a steep decline of 19.97% from the prior close. This wide trading range of ₹24.65 highlights the heightened volatility that characterised the day, with the stock exhibiting an intraday volatility of 13.29% based on the weighted average price. Such fluctuations indicate uncertainty among traders and investors, contributing to the downward pressure on the stock.
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