Short-Term Price Movement and Market Context
Panorama Studios opened the day with a significant gap up of 10.82%, signalling strong buying interest early in the session. The stock reached an intraday high of ₹53, marking a 15.17% increase from the previous close, before settling at ₹48.40. Despite this rally, the weighted average price indicates that more volume was traded near the lower end of the day’s range, suggesting some profit-taking or cautious trading among investors. The stock exhibited high volatility, with an intraday volatility of 5.47%, reflecting uncertainty and active price swings throughout the day.
Notably, the stock outperformed its sector, Film Production, Distribution & Entertainment, which itself gained 4.28% on the day. This relative outperfo...
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