Short-Term Price Movement and Volatility
On the day in question, Pentokey Organy’s stock opened sharply lower, registering a gap down of 6.01%. Despite touching an intraday high of ₹52, representing an 8.47% rise from the previous close, the stock ultimately fell to an intraday low of ₹45, down 6.13%. This wide trading range of ₹7 highlights significant intraday volatility, with the weighted average price indicating that a larger volume of shares exchanged hands closer to the day’s low. Such price action suggests selling pressure intensified as the session progressed, contributing to the overall decline.
The stock’s volatility was further underscored by an intraday volatility measure of 7.22%, signalling heightened uncertainty among investors. Additionally, the stock h...
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