Recent Price Movement and Volatility
On 16 December, NGL Fine Chem’s stock price demonstrated considerable volatility, trading within a wide intraday range of Rs 136.3. The stock opened with a gap down of 2.58%, hitting an intraday low of Rs 1,308.7 early in the session. However, it recovered strongly to touch a high of Rs 1,445, marking a 7.57% gain by the close. This rebound was accompanied by an intraday volatility of 8.74%, indicating active trading and price fluctuations throughout the day.
Despite the strong price recovery, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, signalling some selling pressure during the session. Nevertheless, the stock’s ability to close near its high reflects resilient buying interest...
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