Short-Term Gains Amidst Volatility
Orbit Exports has recorded gains over the past two consecutive days, delivering a cumulative return of 9.24% during this period. On 15 Dec, the stock demonstrated significant intraday volatility, with a wide trading range of ₹30.15 and an intraday high reaching ₹218.15, representing a 17.22% surge from earlier levels. Such price swings indicate active trading and speculative interest, contributing to the stock’s strong performance on the day.
Despite this volatility, the weighted average price suggests that a larger volume of shares traded closer to the lower end of the day’s price range. This dynamic points to some selling pressure even as the stock rallied, highlighting a cautious market sentiment among participants.
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