Intraday Price Movements and Volatility
Orient Ceratech began trading on 08-Dec with an encouraging gap up of 3.32%, reaching an intraday high of ₹47.29. However, this initial optimism was short-lived as the stock plunged to an intraday low of ₹41, marking a steep 10.42% decline from its opening levels. The wide trading range of ₹6.29 and an intraday volatility of 10.59% underscore the turbulent trading session the stock experienced. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day's low, signalling selling pressure dominating the market.
Comparison with Sector and Benchmark Performance
On the same day, the abrasives sector, to which Orient Ceratech belongs, also declined by 2.02%, in...
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